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TAM's Pedagogics: April 27th, 2011

Apr. 27, 2011 8:28 AM ETSLV, SPY
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Yesterday’s action left not a single technician questioning what comes next. Everyone came to play, everyone opened their wallets and everyone grabbed the bargains on their Easter watch list.  Given the pent up excitement the bulls… well let’s just say, resembled the start of a NASCAR race; everyone pressing the gas to the floor, jockeying for position and maneuvering for the front. 
SPX Daily

This change of guard also came in another form, the dump of alternatives. All one has to do is look at the SLV chart to understand the vast number of participants no longer wanting to be participants. The last two days for this little shiny fellow were the LARGEST volume days in history – just as it completed a 95% return in less than 2 months. 
SLV Daily

After the race gets underway, take your time picking the winner.

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