tuesday's diamonds, page-54

We had a good day yesterday, and back to the nervous nellie market we just love today---even some banks managed to finish in the red.

We are a very cynical market here/

In the United States, the DJIA has book-ended two major storms: IN March it plunged to 11548 during the Japanese Tsunami, and last night having weathered its own storm, is now back to that level.

That's been resistance so far, but indicators are not oversold.

May get a brief pause here, but looks like the target this week is 11800-12000.

12000 is close to the 50 day sma, and 200 day sma---both could be major resistance and a significat pullback there would not surprise

Bollinger bands are tightening, and that's a usual prelude to a major move--up or down. I would say down, next week.