Closer to the TOP

Today we’re pretty close to the TOP of this US Stock Market Rally that started in Mar 2009.
This rally had many factors and themes:
- Short covering and, ban on “Nake Shorting”, relaxing Mark-2-Market.
- “Better than expectedly worse ” nos. on various fronts.
- Money sitting on side lines pilling in towards late stage of the rally.

Since the corprate revenue nos., neither GDP, nor any economic no. are in +ve territoty (but mostly +ve than expected worse levels), reality is going to sink in.
Till then this rally might just be short of capitulation on upside.

Very soon, the negative surprises are going to kill, this technical overbough situation. Another week or so, I think.

Let’s enjoy the game.