4-12-12 Comments

The exposure count remains at +4 with six distribution days in the traling 25 day window. Today's volume is light so I expect we will finish out with the same exposure count. So far the market appears to be undergoing a pull back. It remains to be seen if a bottom has been put in at the 50-day on the NASDAQ. I typically do not look for short positions when I detect that we are facing pull backs. I want to have more evidence of major topping action. I would prefer to hang on to my best performing long positions at these times. I currently hold PCLN, LNKD and ISRG. I passed on a buyable gap up situation this morning on TSCO.

The link below has an interview with Ed Hornstein. His segment appears approximately half way through the show hosted by Kate Stalter who used to work for IBD. You should be able to move the slider half way to get to his segment.
[url]http://www.tigeruniversity.com/mp3/TWS041112.mp3[/url]

I tend to like Ed's perspective and believe he is a good CANSLIM praticioner.