Wednesday, March 14, 2007
Wow. What a session. Looks to me like there were a lot of good lunches (and cocktails/bottles of Chateau Petrus) had amongst the money makers along Wall & Nassau streets today. Such a strong about face on the DJIA. Today's mid-afternoon rally put a 25% gain on the board from yesterday's bearish session. The candles are getting their feet wet under the 12k levels that were flirted with back in late November '06. Look out for a close below 12k to see the bearish technical traders come runnin' out of the woods.