CONFUSED YET?

2 year DOW IN a trading ZONE for well over a year.Consolidating for a move in one direction of other.

Just as TA adds up bearish, as 50 SMA avg cuts through 200 SMA'S, just as SUPPORT levels vanish, as slack data piles up, as the rallies whither in volume, the declines expand.....just THEN does the market REVERSE course and RALLY!

Nobody wanted EBAY at $30, it just hit $38. GOOG near $300, money is sloshing around all over theplace, cycling from one (OIL GOLD STEEL) to BIO TECH earlier basic materials, large cap, before small caps.....now bonds on fire yields falling.....

Nothing is happening, except TOP BUILDING, get too negative, buy too many puts, the CALL side gets hot. Swith too much to the long side, put buying picks up.....a year with no net progress.

Recent report shows a SURGE in MARGIN USE to buy stocks. MArgin debt is now higher than at BUBBLE TOP! This is MORE than echo bubble.....as I pointed out in SPX/VIX ratio chart.

Rally could peter or go on for months into summer....if you CHASE the rise, KEEP tight stops please.

DECIDE WHAT kind of investor you are. trader, speculator, risk taker LTBH?

DIVERSIFY if must buy stocks. KEEP good amount of CASH ON HAND. IMHO

NAZ UP 9 out of last 10 days?!! SPECULATION.....MANIA behaviour is back and alive.

Lemmings bathing in glory for now, it will end as they all do....and WITHOUT ANY WARNING.

WHAT for over 100 years has been found at Bear Market bottoms is NOWHERE to be seen.

D