SPX sums up the state of the game right now as far as I am concerned. You know it's going to new highs, but it's looking pretty overbought right here and has been getting a bit choppy the last few days.
Therefore we might see a little retest of the down-sloping trendline while it gathers its breath before thundering on towards the 1200 mark.
Mole has some interesting stuff on the latest ISEE figures - we are seeing extreme readings the like of which were last recorded (yes) in autumn 2007.
Nuff said.
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