Thursday Update: Call Me Agnostic

Despite the recent dire posts and analysis, the market is reluctant to go down very much and it seems every decline is being bought, keeping the major indices above their respective trend lines. We are at key levels in the market and there is no indication that they will fail, and if the lows of yesterday hold we can see another leg up across the board. Here are those key price levels:

Dow: 23,251
S&P 500: 2,540
Nasdaq: 6,517
Russell: 1,480
NYSE: 12,280
On Monday the Dow made an all time new high at 23,485.  With the Dow between that high and yesterday's 23,251 low, a range of about 235 points, call me agnostic.