Laundry's Confidence index soared this week. I had mentioned that I drew (a somewhat clumsy) T that would end this week and clearly looking at the index it did not. It did correlate with a top in other things I look at so I posted a comment about it late last week. While the market performed as though a T had ended, one did not. Two comments:
1. I don't think the confidence index suddenly stopped working.
2. Given item 1. It looks like we still have higher prices for some of the indices to come, IMHO.