The market contrarians.

Wall Street 2nd Quarter started with a big bang and there seems to be new mode of foreplay---the contrary investors or the contrarians.
The first and early bombshell of the subprime rout started last summer June 2007.Four months later followed by the credit-crunch October 2007,another Four months later the financial crisis,January 2008.(the first quarter).So now we are in the final lapse of another quarter to make it a total of 12 months.The theme will be the ever record-breaking worst performing economic figures and data headline news followed by the confirmation of America in recesssion which those top-guns must admit.This will complete the celebration of the 10-years cycle of the Stock-Market crash.
For the week just ended,individual investors -- who yanked their money from the stock market out of fear -- might be on the verge of a comeback.Certainly, worries about the economy and further calamities striking the world's investment banks haven't evaporated. What has changed is the way investors are looking at the market -- simply, that stocks are more likely to go up than continue their precipitous declines -- and that allowed the stocks to hold on to most of their gains this past week.
Another sign of the shift in sentiment: the Chicago Board Option Exchange's volatility index, often referred to as the "fear index," which fell to 23 on Friday. The lower the index, the less anxiety there is on the Street, and Friday made it four straight days in which the reading was below 24, a feat not seen since the end of February.
Tracking the Dow on Friday,04/04.08.


Nagging fears about more bank losses and the biggest monthly decline in the job market in five years overshadowed earlier optimism that the credit crisis may be easing.
General Motors Corp was the second-biggest weight on the Dow. The company said it was "disappointed" by an investor group's decision to pull out of a $2.55 billion equity plan to support its parts supplier Delphi Corp's emergence from bankruptcy. GM shares shed 4.7 percent to $20.58.
During the last 30-minutes of trading day,the three ascending soldiers were aiming to move ahead and penetrate the MAV.The bulls seemed to be very aggressive.

This is a Tri Star ---a sign of bearishness but all the stars are holding above the bull-pivot.Since most technical analysts are all from the same school of thoughts,the contrary market makers will do wonders against the flow.
They might use this reversal Tri Star for bullishness.Are they still in the April Fools mood? Business events and economic reports scheduled for the coming week