Tuesday 1-10-06:: The indicator has now given the bulls four days to make (and take) profits and a pullback is now very likely. Aggressive bulls will be buying the pullback. Bears will continue to wait on the sideline for a better entry point.
Friday 1-13-06:: The daily indicator has turned red (and the weekly indicator remains green). Given that next Friday is options expiration and it is a short week, it would seem that the most likely scenario would be for a small pullback on Tuesday followed by a rally through the end of the week. We have risen so far, so fast, that if this scenario does play out, then the following week (Jan 23rd - 27th) could be a tough week for the bulls. Although the indicator is bearish, only very aggressive, short term, bears will be playing a decline for the coming week.