Market Analysis for Mar 30th, 2005
For today's Mid-Day Minute, Mike writes:
Well, here we are again- probing significant resistance
between 1182 and 1184.25 (which surprises me)...
Nonetheless, we have to wonder whether or not today's
upside loop represents another sucker's rally that will
trap the bulls just like yesterday, OR, am I the sucker-
because I have not jumped on the long side of this move?
It will not be the first time the index makes me look like
a sucker, but that aside, my work tells me to stay away,
or remain in a small short position- at least for a while
longer. MJP 03/30/05 12:40 PM ET (1181.00)
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