What's the old saying?
"You throw enough mud on the wall, and some of it has to stick."
I've got some new mud, as I look for wall of containment for these bulls that look like they lost their minds.
The YR1 is 5089, and the MR3 (That is 2 higher than 1. Wow!!!) is 5104. There is also the weekly kijun at 5121 that stands in the way. The absolute upside containment has to be the upper TL at 5219. As long as it holds, then we are in a downtrend the rest of the year. This still keeps the YS1 at 4158 on the radar, and still keeps a light on the YS2 at 3693.
If it does not hold, then I'll see you guys in 2013 (just joking).
Actually, just in case we do make it all the way to 5219, if we did not get a reversal candle about a mile long, I'd really be scratching my head.