Lot of large scale (M60, M120) sets are interesecting in 34-37 range.

I'm not really seeing an issue with that, but you never know.

Then we see how it battles with that previous big swing-high at 46.50.

It wants over that even bigger 62.50 high, so it can shoot for 78+-. My recent students know why it wants that. Then, of course, the only thing that's left is the all-time high. It has a lot to handle. 35 area could be tough. But, the machine rampers are back in spades, so it may be no problem.

Anyway, the boost today was attributed to Old Yeller running her yap off. Same old, same old. They'll keep saving it, until one day, like magic, it won't work, no matter what they do. They will print a hundred trillion dollars and buy stocks directly, and announce on TV that they are doing such, and the bleeding won't stop. But what century that will be in, who knows. And from what level. Dow hundred million? Then it sells back to a million? Who knows...






Source: http://www.zerohedge.com/news/2015-01-29/janet-yellen-saves-day-stocks-soar-after-fed-chairman-tells-democrats-btfd

New high for the move.

Worth reading, IMO.

http://armstrongeconomics.com/2015/01/29/the-paradox-of-inflationdeflation/

Here's a funny one. Sign of the time, my brothers. The most heavily weighted stock in the Dow Jones Industrial Average now is... drum roll... Goldman Sucks.

Another new high for the move, as it gets above all of my monster area. Ruh-roh.

Could this be a 'peak around' and then drop? I'd say the odds are low but surely non-zero.

Rolling nicely. But how much? Do they want better prices?

The linearity of that 200ma is just crazy stoo-pid, isn't it?