I think we need to keep things in perspective here....we aren't...

I think we need to keep things in perspective here....we aren't technically even in a bear market rally yet let alone a new bull. the xjo has broken through the 55 dma...just...and that is a good start. We will, as always be dictated to be the US. we went so far below the 55 dma in the last down leg that it may "feel" like a bear market rally. In reality the dow peaked on march 19th well short of the 55 and the spx just short of the 55...at the 50 to be precise.

Maybe the us indices have pulled back slightly and are gathering steam to smash through the 55dma....I hope so, I would love another rally a la may 2008.

I got myself a lunar calender off the net and I note the next new moon is on the 26th....I THINK new moons are associated with highs. that may well coincide with the us indices having a kiss of the 55 dma (dow 7750ish).