The Black Box

[wahz]

This rally has become like no other I can find. The lower bb looks like it will go back over the 50 day, taking the 50 day out of play for now. An eternity with no test of the 50 day. An eternity with no significant correction on the spx. It beats other cyclical bull market beginnings. Makes me wonder what the hell this really is. It really does act more like 1932 and 1982. Hard for me to believe we will rally for more than 4 years.

We are exactly at a crossroads right now on my indicators, which are starting to blink up again. It's a mess for a trending/momentum indicator right now. If we break up, it seems that we should fail to make new highs, and finally correct. If we turn down from here, we should drift down 100 points. Unless corrections have been outlawed. Staying short.

All in my opinion