Finally was able to get in myself (I may have traded with you, who knows with such low vol) I'm a little concerned that it fell so much though... not fun for me... I guess we'll know come Jan1
We need to see a little consolidation between 113 1/2 and 114 1/2? Last week's action was on really low volume. My longer term Daily/Weekly sell signals have not gone off on this rally. I only got shorter term, 60, 90 and 120MIN "exhaustion" signals on Friday's Highs.
Thanks Tony! I am keeping an eye on The Yield close below 4.50%. We breached it intra-day before the reversal.
As I recall, the markets tried to dictate interest rate policy last summer, and the FED ignored them. I wonder if Bernanke will be more accommodative to the markets than that of the Maestro. In my opinion, regardless how the markets perceived Greenspan or will be perceive him in history, he accomplished remarkable things: The crash of '87 did not destroy the stock market, ala 1929 The banking crisis of '88 did not destroy the economy, ala 1930 The Junk Bond fiasco The shenanigans on Wall Street The impeachment of a President The threat of terrorism...tell George to speak proper english. The markets nowadays appear flexible enough to handle most bumps in the road. Alan helped to make that happen.