The Daily Dose of Trading Comments

When a market feels like it will never come in it's getting close to doing so. One thing I've learned though is that topping patterns (and this may or may not be one) take a while to work themselves out and the buyers are reluctant to give up the thought of higher prices. This market feels that way right now as the buyers seem to still want to jump on any little decline and make a bid.

I'm fairly inactive here as the technology shorts refuse to come in yet and the HANS short is finally doing so. I'm prepared to wait technology out though as it is likely to be one of the last to succumb as so much of the recent rally has been fueled by that sector ... and thus the reason the money keeps buying there. When they turn though they will likely give a quick hard pullback.