usa: a devil in the charts.

A little captivating , mostly US centred charting , (you will need to cut and paste into IE6 ), the $USD particularly is "interesting":

Nasdaq technicals:
http://www.boomspeed.com/m112analysis/COMPQ0124.png

S+P Bullish percent momenta:
http://www.boomspeed.com/m112analysis/BPSPX0124.png

Chip related:
http://www.boomspeed.com/m112analysis/AMAT0124.png
Retail area:
http://www.boomspeed.com/m112analysis/WMT0124.png

US dollar:
http://www.boomspeed.com/m112analysis/USD0124.png
Gold related:
http://www.boomspeed.com/m112analysis/DROOY0124.png

I note historically that there have frequently been mini-sell offs, between the significant capitulations over the last six years. I suspect bullishness takes a natural breather at roughly this natural frequency, perhaps for fractal reasons.

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[d,a]daclyyay[d19970626,20030126][pf][vc60][i]&pref=G


Gold, also I believe would have been rising against the US dollar, but more cautiously, and represented here charted by $GOLD , would probably have retested it's 39 week EMA before reaching these levels. Stress may well force some dizzy Wave 5 extensions.

http://stockcharts.com/def/servlet/SC.web?c=$GOLD,uu[d,a]waclyyay[d20010325,20030126][pc39!f][vc60][i]&pref=G

Regards.