Market remains strong going into today. We are still seeing the intraday dips get bought. The market can remain in overbought territory longer then you can stand. Don’t start shorting everything just because you believe the market needs to drop. We trade the charts so we have to go by what they are telling us. Right now they are saying the market is strong and any dip down to the 1297 / 20 day moving average would be a strong move for the bulls.
{denvideo http://www.youtube.com/watch?v=3OyByqfKYlg}
