Market update...

January has been less than spectacular but not to worry. This is simply a pause. The NYSE composite and corresponding advance decline line have been the guiding light and they still look fine. I thought the breakout last week was the real thing but the market sold off hard immediately. However, the next 3 days made no further progress lower and today prices went right back towards the high. This is the 7th week the market has rested. Its time. Written 1.30.07