A PICTURE IS WORTH A THOUSAND WORDS

THE TRENDS:  Both the long term an intermediate term trends are solidly up.  A very strong up week this past week.  For the fourth consecutive week prices have closed above the all time highs made in November 2007.

WHAT I WOULD DO WITH LONG TERM FUNDS:  I've mentioned in past weeks that as the market moves higher I would commit more and more funds.  But the market has now moved up four weeks in a row without a pause.  It would be much safer to wait for a pullback to a support level and look for a bounce rather than just jump in now IMHO.  Have a great weekend.