Feb. 25, 2005: TD

After close analysis:

What a day! Yesterday gave warning signs that this was gonna be a continuation, and sure did! TD with brief cnsld. Entered 1 trade in morning on 3min bo with reversal on 30m. There were plenty of continuation trades this afternoon, but I don't trade Friday afternoons. I would like to see a pullback/cnsld on Monday.

Observation(s) of the day: the pullback on Addq to yesterday's bo range and finding support before reversing.

Market breadth spent day in positive territory after a brief morning cnsld. Vold reached higher levels than previous couple of days, while Add and Addq found support at yesterday's bo range and rallied.

Futures were up all day. AB & ES rallied pretty much for the day. NQ was lethargic though hmm....ES200R continues to impress w/its sloping base pattern playing out on the bullish side.

Indices did great on the long side. Most importantly is the Dow: it's up against the 10870 area and if it clears that I don't know what else is between it and visiting all-time highs if not higher!! Sox & SMH also bo'ed and stopped at multi-day hi. I expect them to take it out and move higher.

Overall positive day!