The broad stock market had a strong rally today as the DOW broke through and closed above our resistance (stop loss) line of 25,100. Again, as on Friday when we broke our 2,700 stop loss in the S&P 500, some traders may have covered their short positions today. I am being a little stubborn and perhaps pushing my luck a bit by holding my short position today, but we are still in a reversal zone, and this week there is another resistance area at 25,400- 25,500 in the DOW and 2,740 - 2,750 in the S&P 500. Those areas could still turn this rally down, but any move higher after tomorrow will most likely force me to cover my short position. The danger here is that this new medium-term cycle could be very bullish and might be bypassing its first sub-cycle correction and moving directly to the next sub-cycle top over the next two weeks. Stay tuned tomorrow and Wednesday for a possible trade alert. Some traders may still be short with me, but others are now on the sidelines.