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The market will close in the lower half of it's range on a distribution day. To be safe, I am lightening up on intermediate trend holdings.
my model has triggered interm term SELL..classic sell off in high vol and weak vol retrace.
Carl,I suppose after the negative 'surprise' of Confidence numbers, in hindsight, it'd have been tough for the market to continue the momentum it had before the numbers were released. Like they say, hindsight's always 20/20. I still believe your guesstimate of 1120 though and tomorrow should take the market higher as we had hoped for today.Thanks.
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