Trader Update -data point 7 April 2011-

Trading Environment:

                                                                                                                        

-Institutional selling action _'selling limits' expanded_downtrend 

-SPX 500  'buy' trigger March 25_C-RSI 30 +7.96 strength

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_high expansion

-VIX 16.9_below 20 stress level_long-term resistance 32.70_D/Vol inside range_14 New Lows 

-New Lows: 6_below danger 26-zone_below panic zone 50 (+)

-New Highs_potential for new uptrend
-NYSE_(= hft-zone)_positive strength_< C-RSI +5.00

-Leadership stock ratio: +2.68 bullish advantage
                                                                                                                         

Confirming weakness:

                                                                                                                        

-Short term liquidity trend_higher risk for a corrective move

                                                                                                                         

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Stocktiming.com recommend:

positive_mixed intraday bias with short term liquidity expanded_'sideways' tick

Conservative: hold long position

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Today's Session:

• bullish: > *1322 on track to take out February Peak *1344_view to *1372
• Close < *1322_consolidating range *1309/*1338
• Close <*1309_high risk for bearish reversal to *1275 minimum

Kind Regards