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After the Bell, 2009.05.29

29. May 2009
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After a Choppy, boring day of going sideways, the market decided to have an afternoon rally.  As mentioned yesterday, the 905 area offered support and the bullish bias held up.

The brown line shows the fork that acted as support for today.  The 200 MA (light blue MA) stopped price action cold, which eventually caused price to close below the median line of the ascending fork.  This close above the fork is another bullish sign.  Monday may give us some "buyer's remorse" and pull us back down into the fork, but I'm not counting on it.  

For some weird reason, the bulls just keep coming...

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