great questions angry....On the techs first...the smart money is...

great questions angry....

On the techs first...the smart money is leaving the dow...u can see this by adding the money flow index.....the relative index has also weakened while the dow hit new highs...this is called a bearish divergence...
also the 5th wave has been complete on this massive broadening formation...it would not suprise me if we re-tested 13800 before any damage is done..but who knows....If the dow rises above 14000 again i will become bullish....but as long as it hovers inside the broadening formation i will keep my shorts.....trying times are these. angry......

On the fundamentals.....we have a falling 10year and 2 year bond yield in the u.s.....we have a u.s dollar thats plummeting....we have a credit crisis.....gold is rising...oil is rising......europe is F.U.B.A.R......
China has risen 56% in the last 2 months...i million accounts are being opened each day...talk about a bubble.......
Angry market always give warnings...they gave warnings in 29,,,warnings...in 87....warnings...97....warnings....2000.....and now warnings in 2007........

Angry...its best to be cashed up.....maybe not fully...but none the less have a bit of cash...you could always get back in.......the dow needs to rise above 14000 before i become bullish once more.....until then i am very bearish.......