comments and outlook for 04-07-2011

Today we got a bit of an advance.  But, it seemed to lack any conviction.  One might say the type of action they expect in a topping market.  I have been talking about this most of this week.

It appears to me if we are to test the Feb highs it will be tomorrow or Friday morning (as Friday is when I expect the 33TD and 11.2TD cycles to top.  Time will tell.  So we have a shot at testing the old highs, but it is not a sure thing.  Of course, the market could surprise and even break those highs as many indices have.

Take a look:

GL traders, do your own analysis.