This is what the back of a bull looks like.
And I think so does this,
This looks like distribution - not a healthy pause before the next run. Fewer and fewer stocks are participating in the upward momentum. My last post was about looking for direction when the inevitable bounce came from the falls from yearly highs and its been disappointing. Maybe Santa can save the indexes by holding up a couple of big Caps but underneath them less stocks are rewarding holders and it would seem more are heading for the exits. AUD could bring back some specie juice if it takes the highs out. But I'm only watching that as an "if" at the moment. Not trading it like I expect it to happen with any gusto.