2pm Minutes

no trades yet for me, when the dow was off around 50 I was going to pick up some long positions, glad I didnt. I might now at dow 12490
 
I like the excuses they give for the pullback:


NEW YORK, April 11 (Reuters) - U.S. stocks fell further on Wednesday, sending the Dow Jones industrial average down nearly 100 points, as concerns about economic and earnings growth hurt sentiment.
 
They're completely lost.

One day: "Gold Gains on speculation that high inflation will spur need for hedge investments."

Next Day: "Gold loses ground on concerns high inflation will cause Fed to hike and tighten liquidity."

Yesterday, despite the DOW posting a 6 or 8 point gain, the news headline was "DOW rises for 8th consecutive day, most winning streak since 2003".
 
Very nice rebound..nasdaq up .4% from daily lows

this is the same kind of bullish trading ativity we saw during the rally from August-Dec. The buyers simply wont let the market drop too much before reboudning it. Shorts get squeezed as thousands of them cover.
 
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