After 3 straight down days, and a nominal pullback, it was only natural for us to start heading back up, b ut the magnitude of today's rally caught me a bit by surprise. Not a surprise is the lack of volume. 1155 is the current upper limit to the range we are in, but my prognosticator says we wwill probably go to about 1180 before this is over and we head down again.
The 10 year treasury, unbelievably, is now trading at levels last seen in March 2009, when the stock market hit bottom. The momentum indicators say it will drop more, just not as fast. This will not end well.
I will have the new highs update shortly.