The Dow finally is playing catch-up.  Have a look.

Today's relentless rally (so far) has positioned the Dow Jones Industrial Average just shy of its November 29 high of 10,960, and within striking distance of its 2005 high of 10,985.  At the point, only a sudden downside pivot reversal and break below 10,800 will damage the otherwise very powerful upleg off of the October low at 10,157.

MJP 12/05/05

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.