March 30, 2006: Cnsld

Some things are getting clearer than others... take the Dow, it's clear that the diamond is major resistance like it was mentioned in yesterday's entry... it's clear that AB is the strongest of all markets, amazing! It's clear that ES is hitting resistance and it won't be easy for it to advance.

What's not clear whether the Naz will be able to break through these levels and have the follow-through on the '3-kings' pattern. If it rallied today past its morning high the story would've been much different, but for now the pattern isn't confirmed..simply, today's hi needs to be taken out and a close above it will confirm the 'very bullish' pattern.

As mentioned yesterday, the BKX didn't participate in yesterday's advance and that can explain today's action.

If we look at the semis and Naz, most likely there'll be a move down tomorrow based on thep pattern...after that who knows :P