Willie, you must be looking at a different ED than I am, unless you are speaking of the TLs before they were violated yesterday.
It would appear that the market has decided to move ahead again, for whatever reason, good move yesterday PEG, and I'll go with that. I am still thinking its heading back to the upper TL, above 1900 now, which would be well into the fibonacci range for corrections.
What it is correcting though is still up for grabs imo. I have no overwhelming case for the bullish case or the bearish case. Back at Labor day I think I said this financial crisis is bigger than many thought, and I am thinking we don't know the whole story yet. We only hear about the big problems as they get "patched". What I wonder about is what they aren't telling us. Their actions which seem extraordinary, are telling us a story too.
Caution ahead, but for today, I am going with the flow, which is uphill.
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