Friday, May 27, 2011

The Long Wait

There is really not much else to say right now as we wait the long wait for a resolution to the current consolidation.  It does appear that sentiment is turning more bearish which is a positive sign.  Some are still calling for a long term top sometime in June or July.  I don't see it.  Maybe they're right, but the odds are against them.  So few are ever right calling tops - myself included.  Bottoms are not as difficult, but tops are ever so elusive.  At the moment the trend remains up and that is the direction we should be looking until it changes.

Have a great, long Memorial Day weekend.

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