Reactions to story from Chart Swing Trader
Some OK Charts, Nothing Terrific
http://chart-swing-trader.blogspot.com/ 2008/ 04/ some-ok-charts-nothing-terrific.h...
After doing my scans, I found a few charts that I like but the charts I was seeing setup last week looked much better. Some of the really nice ones I saw last week have moved on and are too extended, and some have broken down, but few of those ones remain buyable. One of the few is GU, which has rested and I will consider adding to if it can get a bump higher. Overall, though, because of the quality of the charts I see, I think that although we may continue higher, I don't expect this will be a massive move on the overall market - likely just an intermediate-term rally.
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