It was a strong move higher today as the Dow roared ahead by 320 points on heavy volume.  The advance/declines were about 3 to 1 positive.  The summation index continues to the upside.  Overbought and staying there for the major stock indices.  We are breaking above the downtrend lines set over the summer today in some of the major indexes.  All signs point to higher prices going forward.  We are into the overhead resistance right now for the S&P 500.  But it appears that all systems are go.  Easy money talk out of Europe fueled the bullish fun today.  GE was up 3/4 on heavy volume once again.  If GE is a precursor for the overall market, we will be seeing new all time highs in the Dow and the S&P 500 before the end of the year.  I do believe that will be the case.  I certainly don't know the reasons why but we have to follow price and volume.  Gold barely moved today despite a rise of over a point in the US dollar.  Interesting to say the least.  The XAU rose 1 1/4 and GDX added 1/3.  Volume was very light here.  Mentally I'm feeling OK.  How can we find the next trade when the market just continues to remain overbought?  Plenty of time in the November option cycle and we will find a signal to trade eventually.  However we could remain overbought for quite a while as it appears that the market wants to simply go straight up.  There is nothing you can do about that.  So we will wait.  This is an easy money market but when that changes all I can say is look out.  However it doesn't appear that there will be anything in the way of higher equity prices in the near term.  I would expect some hesitation here though because the overhead resistance is pretty long in time.  Plus players should be moving to the sidelines ahead of the Fed next week.  Also the small stocks haven't approached their resistance yet although the QQQ is doing much better than the rest.  We'll look for upside in the foreign arena overnight and close out the week tomorrow.