http://research.stlouisfed.org/publications/usfd/page3.pdf

This is counter intuitive to current market rally. It is following SAME pattern as 2004 nov/dec ONLY other time it made a lower low!!

I smell a rat trap in this rally, should/will go much higher perhaps, could fall just as sharply without notice.

A key important high is being put in. 3rd week in row this has fallen. End of yr bullishness hides economic concerns in 2006.

UARM should open with a blast this AM, upwards of $13.....GL and GT.


http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

Turned back at the first FIB, same time Transports are making NEW HIGHS!!??? I cannot justify this.

Buying power surged Thursday, so I expect higher prices. 10,742 on Dow SHOULD be blown thru today OPEX FRI.....you never know.

BULLY time of year. Tech rallues even with weakness in the powerhouses INTC CSCO MSFT and DELL AMAT none say we are getting jiggy here, yet GOOG above $400

Back in 1999, the FINAL runup made no sense, there was great fear of "missing out", I am sensing that here right now. The difference? 8,000 HEDGE FUNDS controlling 50% of the action or near it, some owned by LARGE BROKERAGES HOUSES, yr end bonuses on the line and they are going to JAM the performance down the markets throat.

SO, if pattern of adj money base continues, its decent is not bullish for down the road, market peaked right at end of year, JAN was weak, long term cycles are pointing down, but there are so many different ones, each could exert pressure.

Japan is ROARING higher each night, lots of savings there, 50% above the lows Japan appears BACK, inlfows into US are strong, this we will watch.

D