'Twas The Day Before The Night Before Christmas

I had my eye on 1252.77 yesterday. By my read, it looked like a break of that would spell trouble. It did break, then hit a new high. I may have counted the waves incorrectly -- this happens often. It's just the nature of the business.

I still expect the 200-day moving average to get hit (1259.38), but it feels as if the market is trading heavy. Just as the Federal reserve act was snuck though Congress on Christmas Eve many moons ago, this day before Christmas could see a stealth high today amid the light volume and the holiday cheer. Try to pay close attention.

Merry Christmas to all!