I can't believe the Stock Indices have remained bullish for so long. Even Asher said it should come down. ;-)
The market easily passed through the noteworthy resistance at 10600 (December Dow) and has since powered through to the really strong resistance on Thursday's high. Will this be enough to knock the market down? I would think we should see something here. Something. Anything!
I've heard stories that the US Government is artificially keeping the Stock Market afloat. They might just be conspiracy stories but if there's any truth to them we're ALL in a whole lot of trouble. Even without the stories you know I've been bearish on this latest rally in the Stock Indices. We're due for a correction. If you're day trading I'd be cautious to the upside Friday.
Erich