I remember in 2003 as we came up off the bottom and the market just kept going higher, I was watching all these divergences and had alot of trouble getting long. Fast forward fall 2006 all the indexes are showing divergence on the dailies and weeklies same as 2003, although this time I have been able to hold my nose and just buy, having gone thru this before made it easier. The nasdaq has started to show some weakness and it usually is the first to lead the market lower. This run up has had no real retracement, in 2003 we had many nice 300-400 point retracements. Every day is different and anything can and will happen.