thursday oh so boring..not!, page-28

I thought today was a mess, lol.

It's all over the shop. BHP gapping up far and away, CBA, ANZ down with a loud thud...in fact the CBA chart gives no cause for encouragement...MQG up down and around.

Much more comfortable watching from the bleachers, as the Americans would say, and that's where I was...

I never thought I would see parity with the US dollar--but given the disparate interest rates to name just one factor, it's a kind of "no-surprise" surprise.

I'm not convinced markets are breaking out....Look more toppy to me, but happy to be proven wrong.

On very light volume, we've finally closed the gap with may 4, 2010, after two months of trying.

DJIA has doubled-topped with April, but made no new high (but the DJ transports have, so perhaps significant)...while SPX has, and is a day or two from double-topping April highs.

Does that feel like a top? To me it does. Can things go higher....of course, as happened February - April. But I would want to see clear signs first.