2pm update - is it the weekend yet?

The main indexes are generally holding moderate gains of around 0.4%. The Dow is the exception, weighed down by IBM and GS. Metals are holding the gains, Gold +$40. Oil remains very weak, -1.6%. The VIX is off the lows, but still...the market is back to a near completely fearless mode.


sp'60min

Summary

The trend on the hourly charts sure looks powerful.

We've climbed around 83pts in just 6 trading days., that is around 5%.

Anyone still think we'll be seeing the 1640s..or under, any time soon?
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Weekly/monthly cycles are absolutely clear..sp'1740/50s are coming within a week or two..and then the only issue is if market can battle higher into the 1800s by late November.  Why not?


BTU, having some real issues with the 200 day MA..

I'll be probably highlighting the other miners later today...