Market Musings, 2004 Part Deux?

I think that I have seen this market movie before, and I did not like it the first time. If we take a look at the S&P chart above we can see after a nice gain in 2003, the market decided to consolidate for about 10 months before moving higher in November. If you have been trading for the last 6 or 8 weeks these markets seem choppy on a day trading time frame as well as a swing trading time frame. Basically we have had to work hard for every penny. Even though the overall trend remains up, we just seem to be churning here, mostly on lower volume. We could be correcting a little by time as opposed to price, but if this churning continues without further upside and volume comes in we could be in for a correction. It's early in the month but I do not like that ugly hanging man candle forming on this chart for April. Trade em well!