First off, a "personal" note, I haven't been posting because, frankly, there's just nothing to say, and since I've sworn off of bringing up lousy NEGATIVE items so often, I've spent most of my time just biting my tongue, and as such I have a HUGE bandage on it, and thus, I can't say any thing any way!! I continue to be long, although not particularly STRONG, I'm still in the remainder of my AA, although hedged, and I'm playing weekly call spreads, mostly on the IWM, and mainly to limit my "risk", although in most of my reading I hardly find the term "RISK" mentioned. The AAII bearish sentiment was at practically record lows the week before, but jumped 6 points this week, so maybe Da Boyz have a little ammo to continue to grind us higher, who knows. 

Anyway, if I WAS to say some thing, I'd say some thing like I HATE that pattern since mid December, hahahaha, pretty UUUUUGILLY, gap UP, consolidate, gap UP, consolidate, etc etc etc, I, SUPPOSE, they can continue to do this Ad Nauseam, wad ever. It's obvious the, quote, "INDICATORS", are over bought, but they can still that way for infinity. It's kind of funny how every one seems to have been so bullish, and yet we are just now attempting the first Golden Cross since the Death Cross last August, I hope we haven't burned our selves out just getting to this point. 

ANYWAY:

The, MAIN MEN, the A/D's, look faaaaaaaantasic!!! They've broken way over the highs of last May, so they are still a "leading" indicator. They aren't even CLOSE to a sell, we'd have to get some type of pattern like we got in last July, where the markets double topped while the $NYAD was making a MUCH lower high. 

The "STOCKS ABOVE "X" MA" are sending mixed signals, the short term MA's are all getting over bought, like the 20 and 50 day MA's, the top chart shows how when the stocks above the 50 DMA get above 80% we, CAN, get a pull back. BUT, the stocks above the 200 DMA, in the bottom chart, are not even CLOSE to getting over bought, so I suppose we could, like, get a little pull back, that's a buying opportunity, and then blast off higher.

The daily Summation Index is on a BUY signal, I use either the 10MA or a PSAR signal, or both, wad ever, they both work about equally well, and they have both been on a buy since Mid December.

The weekly $NYSI is on a STOCH buy, again since Mid December, and has finally taken out that ENORMOUS divergence it's been having since the 2009 highs, so it looks much better, although the NEXT signal will be a sell. 

The RED boxes in these two charts are basically the "earnings seasons" over the last two years, as you can see every single one of them resulted in a PULL BACK after they finished, it was just a matter of trying to figure how far they would pump us higher before the beatings started again. 

The single most reliable trading "System" for LONG TERM investors, that being a simple 12 MA on a monthly chart, is back on a BUY signal. Prior to the August fiasco that was only the SECOND time in the last 25 years that it's had a whip saw, in the green circles, the other being in 1998 before the final blast off into the 2000 top. I find it a little more than disconcerting that we went 16 years with only ONE whip saw, and now we've had TWO of them in just over a year, disconcerting indeed, but HEY, like Alfred E. Newman said, NOT TO WORRY, it's gotta be one of those Black Swan or Fat Tail events that will never, I mean, NEVER, happen in our life times again.

I guess, because of the August fiasco, the "EQUAL MOVE" scenario off the 2009 bottom to the April 2010 top and then from the July 2010 low that pointed directly to the all time highs made in 2007, is "probably" negated, and instead, we have a "NEW" Equal Move scenario that is made up of the 2010 lows to the 2011 highs, and then the new leg starts at the October lows and points to the highs made in May of 2008 around $144. 

This is all subject to massive changes of course. One little item is that if we FAIL to get over the May 2011 highs, and turn down ahead of that point, we, COULD, be setting up a massive sloping Head and Shoulders, but, that's a story for another time, like "IF" or "WHEN" it starts to happen. 

For those that can't figure it out, here's a chart of what I see. This is just pure SPECULATION, of course, and it would take a dump through that lower trend line to remotely confirm the pattern, which, of course, we aren't not CLOSE to doing. I only bring it up because, welp, you just neeeeeeeeeeever know.