Trader Update -data point 15 May 2012-

...the SPX 500 market now closing in on the lower range of the support band with the index nearing extreme oversold in the daily frame - besides, the rainbow financial press are getting hot on Europe disasters and fanfaring bearish overtones to herd everyone to short the market

...time to collect on the long side -the trend is your friend only for so long amigo-

Kind Regards