I feel Don Worden would be well served to view other analyst such as (external link removed by moderator) to better understand Fed's infusion of liquidtity  and institutional accululation and disctribution and their affect on the the overall market..  Chenard has been extremely accurate on the market and uses very modern technical analysis based on the above 2 criteria for market timing.  He also uses other technical indicators but always refers to the importance of inflowing funds from the Fed.

Since the beginning of Q/E from the Fed, traditional analysis does't work very well for the  major indexes.

The 175 point rise in DJIA should not have been a surprise as the injection of Funds yesterday was the largest injection of funds for the month of February.

Am surprised Don never mentions the effect Fed funds injections have on the market.

Just food for thought after reading Don's comments yesterday.

Jim H Joyner