The DOW hit my target from weeks ago of 12,800 this morning. The high so far is actually 12,842. The RSI is now over 70 (over bought), however, this a break out type move, so that could be okay. The 52-week high on the DOW is 12,929. I wonder if we will hit that today. That should be the next resistance, followed by 13,000 (psychological resistance).

In my opinion, after this momentum stalls, it would be prudent to exit the market.

¶ 1/26/2012 10:25:00 AM