10 replies to this topic

[maineman]

Positive breadth. Positive AD line. 343 new highs on the NYSE 14 new lows. "squaring up" of put call positions. I don't see a collapse lurking just yet.... of course I could be wrong.. I've been wrong before. A drop below 1440 SPX would make me sit up straight. A drop below 1430 SPX would make me lean forward, and a drop below 1420 would clearly cause a slide back to 1404. A drop below that, now that would be interesting. But, as I say, I can't "see" that just yet. In fact, I would be quite surprised if we didn't start racing higher, maybe pretty soon. mm