Market Comments

I realize this market keeps pressing up, and taking bears out back and whipping them good, but everyone should be aware of the long term context of this rally... and it is full FULL of divergences (and mounting TD Sequential sell signals on many time frames and many asset classes). Also, go look at the Bullish percent charts on SP sectors(I won't post these but you can find them for free on StockCharts.com), many are diverging from price highs. This whole rally has lacked volume and has had divergences the whole way up... so what is different now? Not much... there are just more of them and they are longer term in nature because of the levels. Personally, I think we are setting up for the high of the year... and maybe the high for 2010 too... but what do I know, I am just a stupid hard headed bear.