Whew...

I'm so, so glad that I went flat at the close Friday.

Again, my emotions are mixed because technically I don't think this market is out of the woods, but speaking practically I had good profits and a rally today was really a foregone conclusion.

So my plan today is to clean my horrible, horrible apartment, (I am an incredible slob) and to play with the best little baby girl in the whole world.

But summing up:

S&P trends remain:

Monthly: Distribution
Weekly: Distribution
Daily: Distribution
Hourly: Bearish Accumulation

Now what
the heck do I mean by "bearish accumulation"? I'm
glad I asked: I mean to say that
the hourly charts reflect a rally within a still bearish framework.
I will click "rally" if the present lows hold over the next few days.
I tend to measure overall bullishness/bearishness via 50 period moving
averages, regardless of time frame.