Detail of the charts posted earlier...

So you can see the powerful levels at which we are currently, I have produced charts with higher resolution. Click on the chart for detail view.

Below is the Transportation index in Green with the Russell 2000 in Orange. For most of the rally the Transports have lead the R2k. Additionally, the transports failted to confirm lows. Now the transports are failing to confirm highs on the Russell and have shown a stron propensity towards weakness. The cycles show a complete pattern and the Transpotation indexs show a head and shoulders pattern with a neckline at 5,000. Ominous...