We got above $1350 last
week but we couldn't hold it. I think we
really need to go above $1400 to really
clear away this overhead resistance the
only trend that really continued was the
bond market continuing to go down it's
pretty much a daily affair.
Why
didn't the stock market follow the bond
market down? Of course it's because
the stock market didn't follow the bond
market down that the bond market kept
falling and if the stock market doesn't
fall then the bond market will keep
falling and interest rates will keep
rising until it does (make the stock market go down), that is the
dance that we're doing.