timing by past inferences to present patterns, page-21

High volume narrow spread upbars on the S&P and Dow last night, looking tired now and in need of a rest so expect a pullback next week before it goes on with it again. No clear signs of distribution at the top of either of those markets yet imo. Still a way to go I feel. Good buying in on our market Friday too, we had increased volume and nice close off the bottom, may still dip a little lower yet with weakness overseas but looks good to me. Remember smart money buy on downbars when everyone else is panicking and we've seen a bit of that this week.

Cheers