4.21.2006

THE END (EAST)


I am off to the east end for some R and R and I will leave the market chase to others. For what its worth, the market just doesn't act right and it "feels" like it wants to go lower. Don't know if its today's business but I think lower for next week.

For all the "powerful rally" talk on CNBC, the QQQQ is up about 30 cents on the week or less than 1%. The VIX is 5% below its 10 day SMA and the VXO is about 9% below. The 2 day RSI on the SPY sits at an overbought level of 98 so with these signals in mind I will leave the buying to others.

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