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An Easter Egg Tale


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From yesterday's New York Post:

 

A Florida man, charged with robbing a bank, has told cops the red ink covering his hands didn't come from exploding dye packs - but from coloring Easter eggs.

 

Richard Roy, 41, is accused of twice robbing a Wachovia bank in Clearwater last week, making off with a total of nearly $6000.

 

During his second heist, he allegedly handed over a note that read, "No dye pack this time. I will shoot you!" He was later caught, uh, red-handed."

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we are range bound for the last 10 months (200pts)

SharpChartv05.ServletDriver?chart=$spx,uu[h,a]wacayyay[pb13!b40!f][vc60][iub14!la12,26,9].gif

 

The macd and RSI divergences are building positively as we move through the channel. The amcro question is... Is this a base building phase in the market or is it a distribution phase before we move to a new lower channel of trading?

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Anjing,

 

For the most part, three black crows will only retrace at most approx. 50% of the decline. More than that, then you have to start considering pattern failure.

look at what happens to this stock after you put in 3 bad weeks in a row.... she likes to go bouncy - bounce....

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Will this time be different? From mogambo guru ( a great read this week,btw) "Mutual fund cash stands at record low levels. Over the past three decades, similar low cash levels materialized in May 1972, September 1976, and March 2000. In every previous case, severe multi-year bear markets followed"

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Looks like a perfect return to the scen of the crime on the SPX. Gotta hold 'em.

 

To see charts, click the link below.

 

The golden arrows :P merely point to key crossover levels on the indicators, that I want to call your attention to. Crossing the lines as drawn usually confirm or signal a reversal of the current phase.

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Ahhh -- is THAT where that expression comes from? Never knew. Of course, never really wondered either...funny how we take these expressions for granted. Makes you think how much else in our lives we never notice -- like our loved ones who bring us coffee while we're tied to our computer screens! Hmmm -- better go say thanks now. Leave it to Glad to produce thought-provoking openings. But this morning's was a little gross Glad! Could we please refrain from posts about anyone gettin' shot in the head? Maybe for the afternoon thread, but not first thing in the mornin' :(

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