TIME FOR CAUTION

http://globaleconomicanalysis.blogspot.com/2009/04/technical-indicators-scream-caution.html

The divergences continue as the rally loses steam and gets older and Bird Flu scare aside, the market is ready to retrace at a bear minimum, some of the gains off the lows.

There is SCANT REAL DATA of any uptick in the REAL ECONOMY, lending standards have stiffened, millions have lost jobs and no longer putting into 401K's, IPO's scarce, investment scarce, Gov and FED programs have had little effect.

Many think bear has been put asleep, but I have no technical data, in fact it is much alive. We have yet to challenge the 200 EMA......when this rally fades, see who steps up to plate, sure isnt avg Koe.

D