Why fight the tape? The trend is your friend. Don't try and pick a top, wait until it actually hits resistance and some sort of bearish confirmation.
Let me preface that I have no position in equity indexes either way at this time. But here they are as of 10:40am 04/07/03 just for kicks.
yeah you're right, I was looking at the SMA.. Dec and Jan downtrend line is broken on SPX and INDU, pending the close.
Good call odd-whatever.... boys try to guess direction, men catch tops and bottoms. also... you know it's time to short when.... everybody and their mother and their dog is long... BWAHAHAHA