A trend is a trend until it ends.

Is this uptrend over?

Maybe.

But I'm not convinced.

Not yet anyway.

Alot of things I look at are still really low on a historical basis and either they are going out of business for good or they are going higher eventually.

Moves like last week can signal approaching problems or they can serve to shake out all the weak hands to the benefit of the Wall street (and Bay street) ho's.

I do agree that summer is approaching which makes a further move up seem unlikely, but stranger things have happened. Stay tuned.

Anyone with opinions (and indicators to back them up) please comment.