If you look at the charts, you can see an obvious cup over the summer and then when the index prices broke through that cup around september then the real party began. Now the indexes have broken through another cup and so it will probably be a few months more of fun before another chop-chop index. My belief is its now time to follow the stocks that are moving with the market. While you can throw your feet into the homebuilders or play bounces from some of the losers, I think its best to go with the ones that move with the market. I WOULD NOT focus on market tops, market bubbles, market crashes, etc. Instead, I would focus on the *current trend* and make some cash off of it. Of course, the market will go down eventually, but if you focus on the future rather then the here and now then you miss out on a great trend. In this market, your opinion does not count. How you feel about the economy or if the market is in a bubble does not matter... The trend is your friend. When the trend does turn down, we will deal with it then. Until then, trade the trend. Happy trading and a lucrative day to all.