I see. Thats what I expect will happen. I would be suprised by a forceful move up in the indicator which would take widespread strength.. its more logical that we get a blow off top and then consolidate, with a pretty sold correction thrown in there. We'll see, this can pan out many ways but I am confortable that the odds are we will be much higher in 2006
Its important to note that the spx has not done a whole lot in months but tagged a new high yesterday..i don't think this consolidation is bearish.