Trail Of Rally

After a decent gain last week, the indexes this week start with some rally fatigue. The weekly actions have remained supported by lack of selling and pricing from the money sloshing around from the various bailout strategies. Underlying internals remain soft and may lead to the ' eat like a bird, shit like an elephant' syndrome known to markets which chip higher weekly only to give a major portion of the entire rally back in a two or three day period. Remember, money rates essentially at zero reflect the real story about overall economic energy. That said, the indexes will still set up to recover half the losses from the 07 highs, which for the DJIA will be just over 10,000.