Monday, April 16, 2007

The Big IF

It's about 10am on Monday, and a post this early in the session usually isn't worth the paper it's written on. However, I thought I'd mention two things in the event that things change for the worse and the picture below really does last longer.

If the gap-n-run holds today -- and that's a big if -- the NASDAQ will have printed a bullish island reversal.

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Buoyed by C earnings -- among others -- the BKX has bounded through both its 200- and 50-day.

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Volume is strong.



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