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San, what do you think of our present situation being the third hit on a rising wedge?

DOW JONES might do a classic retest of the Triangles t trend line or 10200 before moving up again.
http://niftychartsandpatterns.blogspot.com/2010

Nowdays even Mcd looks for credit history. At least day laborers dont

LOL…

I like it. I'll get a job digging ditches for the state road, while 10 supervisors standby and watch me do it right.

Mcd is a bit too much for us. There are more qualified people than us. Stop dreaming about Mcd. Why not apply for day laboring jobs, if you qualify on a call by call basis. Benefits are excellent as they have free fountain drinks.

I'm probably going to go back to work with you on 3rd shift at McD's… unless my position has been replaced by a Harvard graduate with a masters degree?

uh oh… Wat cha gonna do, dude?

See the divergence that you said has to be there? Well, you got that in the DOW, but not in the QQQQ. So what now? To be or not to be…… lol

For you bears out there, SpringHeelJack made a nice post on Anna's site, pointing out several reasons why this bull rally is likely to fail. Go check it out, and post a comment if you like it… or post your thoughts if you don't like (only those bullish will likely disagree).

http://hotoptionbabe.com/blog/13-muddy-waters.html

DOW JONES Resistance line in daily chart

http://niftychartsandpatterns.blogspot.com/2010

Anna caught this and screen captured it. I noticed it too yesterday, as it showed up on the Nasdaq.com site. Not sure if it's just a late fill or fake print? Hard to say, as when I see large volume it tells me that it was a big institution getting filled in the afterhours instead of a false print. But, here it is anyway…

http://content.screencast.com/users/Annamall2/f

Again though… the print I see had about 1.5 million shares on it, and it was around the same target level. Maybe it's real, maybe it's not? If we fall, we need to take out 107 spy anyway before any real selling can happen.