We're also in our sixth consecutive up week. The last rally lasted seven weeks. Rallies that last beyond 6-7 weeks are statistically very uncommon.
However, our market is on drugs - driven by super, takeover and commodities. The surge in copper has been extraordinary! I read today that the value of potential takeover targets is 60billion! which will need to find a home elsewhere in the market. You've also got the buybacks.
I often use a 4hr chart and it shows MACD, RSI & Stochastic that by now have usually triggered a 50-100pt sell-off. So far it just wont let go!!
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