Red Flag is UP

Wed April 3rd 2013
So many groups broke down today I have to put up a red caution Flag.
I think we need to be prudent to see how the  market will unfold here. Meaning I don't know if the high is in till we see the retest. We have to consider the EMP # Friday.
I had a target of 1576 so will consider 1573 as very possible ending the rally.
Jerry O     1571-1549=22/2 =11+1549= 1560  Target 1560 ish to short again,Thursday
Fun and games of course.