sp'daily5
Dow
Trans
Summary
The Dow breaking the 200 day MA yesterday was an especially bearish sign, and with the first lower low - since Oct'2011, things were actually starting to turn to the bears.
Yet..here we are again, with the market soaring over 2%, and the bears smashed to pieces. Those not already short-stopped out should be pretty concerned that we could close the week in the sp'1700s, and then you know the mainstream will be screaming for new all time historic highs next week.
It remains the nastiest market imaginable. For the bears..it has been a market that periodically teases with minor declines...but then whipsaws right back upward.
*underlying daily MACD (blue bar histogram) is set to go positive cycle next Monday, and I have to assume we'll just keep on rallying, at least for a few weeks. The sheer...horror of i :(
a little more later...