RELIEF FROM HEIGHTS by Gus Cosio

I feel relieved that the market was lower today.  It gets scary when markets just continue to soar particularly when prices of some stocks are trading at their historic highs.  I’m referring to AP and AEV.  One thing that I have confidence in is the upward trend of the market.  It had a tough time breaking out of the 3300 level and now it is convincingly beyond that barrier.  I am reckoning that some stock prices will be well supported at the recent congestion of prices.