@leavitt: “The trend will end when it ends, and there’s no sense guessing when that will be. Traditional technical indicators which help us identify overbought and oversold levels have broken down – they flat out don’t work.
It’s not a bad thing. It happens when the market has a 1-track mind. It’s as if the market has blinders on and can’t help itself but to move forward.
This also makes my job as a commentator more difficult because there isn’t much to talk about.” (My feelings exactly.)
The DOW is at 13014 and the 500 is at 1372.