The SP 500 closed today at 857 on the SP 500. So the rally has
pushed on and is now in the 850 - 900 range I have been
envisioning for a couple of weeks. So far, the uptrend has been
steep and persistent enough not to let cautious guys waiting for
a hefty pullback to get in. I have heard every argument in the
book to fight the tape and even some of the pundits are fighting
each other in print. Interestingly, the market did take out
another important downtrend line today.
I am planning a nice three day weekend and do not intend to
think about it until next week.
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