Hi Zeev I'm looking quite amazed at the run of the market. As I'm trying to unfold the market activity, I found that in this periods of time (like sep 2001) the market can go either way. It is not overbought and it is keeping being slightly under the overbought concept for quite a few weeks. The fuel that in the way keep on driving the market is the fear that it will go down and thus new "short" positions comers are selling as the market keeps the momentum. I do not know if there is a year end effect in which brokerage houses has to show some gains in order to keep customers or to bring new ones. There is another thing that you mention and I totally agree with you The market is not necessarily connected to the economic reality. Meanwhile p/c went up to .82 so the market probably will continue to go up and if the sep 2001 rally is a model it might go up to the 1675 area. Please advise your thoughts Thank you ik
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