Finally

The market seems ready to get whacked here. No surprise; even on a short term basis we are very overbought. So how do I respond? Simply see how far we go, then perhaps prepare some orders in the event "this is it" for the move.

Interesting bits: again china news seems to be the catalyst (china news prompted the February selloff as well). This time the economy grew at 11+%, just about guaranteeing more rate hikes and reduction of liquidity. Am I the only one to notice despite all the jiberjabbering, global liquidity keeps getting sopped up?

Meanwhile the EUR/USD is hanging around 1.36, gearing up for it's run to the record. It's only a matter of time until the next record is set. IMO pretty sad, really.

I'll have more treefalls in the forest once we get going today.