Rally's Strength

NQ100 caught up with the other indexes today as it rallied along with the DJI and the SP500. Seemingly strong rally had neutral to negative strength characteristics according to the models which is a bit troubling given the tendency for prices to abandon ground quickly. JP Morgan did nothing to dispel the view that they had pimped the Fed into the all but 1 billion of a 30 billion guarantee and had probably established a conscensus early they would have to pay up to get the Bear Stearns deal done. Now Wall Street is whining about increased congressional oversight, but still wants the Fed and Treasury money and most likely tax payer money eventually.