How high can it go?

No limit on the madness. Now that the problems in the EU are gone, we can think about our own makets
But don't expect new highs. Of we all knew that. Or, did we??

Best, Islander.

I am expecting new 52 weeks high now, since the 200-day retest seems to be done now... My cycle work shows up until at least June 9th. +/- 2 days.. At that point I shall take a look at 10-day Put/Call indicators Baltic Dry index and see where we stand. I guess we have about 3 to 4 weeks, and the market can reach new 52 week highs by then, but I think it is unlikely.. QQQQ could easily be back at 50... Barry

Well as the old saying goes, "you heard it here first" at this LINK.
And yes it is/was a top until we close above 1230-35. Also 1105 must hold on a closing bases or we are headed to test the 1045, which IMO will not hold but 950 should.

"No limit on the madness." - truer words to say for sure. Interesting market time, to say the least.
Best to all,
mss

Edited by mss, 18 May 2010 - 08:00 AM.

March 2009 trendline is around 1155.