RED TIDE

Holy crap markets on a tear! NAZ leading way, but DOW has had 2 back to back 80% upside volume days, this is strong move.

Dow has broken free of 11,250 zone ending today at 11,327. Isn't an ALL TIME high so close you can taste it? WOuld NAZ need to play catch up and really catch fire?

It doesn't pay to be STUBBORN when the market moves against your positions or beliefs. Housing bubble, falling prices, terrorism etc etc, high oil.....markets taken it all in and spit it back out.

Transports now need to play catch up, what then was their plummet from the 5,000 area all time high double top about? DO trasnports like falling oil? Does the markets?

Only the NAZ has given me a BEAR signal from my TA work. This signal has only been given 2 other times in last 6 years.

Market likes and believes FED is done raising interest rates, as they were in 2000 right before the top! but it likes it. It likes the manipulated PPI and CPI, says it doesnt have to worry about inflation.

Q's MAX PAIN # is $37. not sure how accurate it is, but that is where most pain would be felt by otpions buyers.....it makes sense mkt would gravitate near there, but it doesnt always.

SO we have weaker oil, truce in Middle East, same old shit in Iraq, falling long term interest rates, well THEY say it is because it isnt buying inflation story, but it could be saying economy is weaker than you think.

The nature of any retrace will tell us bundles.

Duratek