The Dow still sits under the 11,397 Attractor, just chopping around sideways. This is not a good time to be trading this market. I still think the Dow will rise to the occasion and make its way on up to the Attractor. But, it needs to show its hand by breaking out to the upside through the resistance at 10,300.
It almost did just that today, with a valliant effort, moving up some 250 points from low to high. But, although it came close, it did not penetrate the barrier.
Watch closely for a false breakout, and then a quick move that might even be too fast to capture.
"Grading the Gurus" is coming along marvelously. I'm finding out the tricks in the guru's advertising, and the systems that do actually work. Stay tuned.
