Friday, April 9, 2010

Uptrend continues; expect a pullback...sometime; All-time Highs Move Higher

While nothing can go up forever, the Guppy Multiple Moving Average Charts below send a clear message that the current trend remains up. There will surely be another pullback, but I don't try to predict what will happen - I just try to listen to what the market is saying.

Nasdaq = Uptrend on all timeframes

China = Uptrend

US Dollar = Uptrend

EW (Edwards Lifesciences) = Uptrend

I could go on, but that's the idea.

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