The Bulls Rage On...

Welcome back to the market after a relaxing weekend.

The Dow gained 1.73% or 230.31 points last week alone and the bulls still look like they are raging on endlessly. I identified a couple of points where the Dow might retreat from last week but never happened. In fact, I have never seen such a strong rally in the Dow since 1995! Even the 2003 rally did not go up like a nuclear engine rocket like it did this past 9 weeks.

The only question remains to be answered is, how much more?

This is a very difficult question which even I find it hard to answer. All our short and mid term indicators are suggesting a new bullish swing coming along... while I am skeptical, I see no reason to doubt and miss the game. This is a good time to have a good grip on the rein and get ready to go delta neutral at the first signs of weakness.

Technical Chart By Worden Brothers TC2007 Charting Software
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