I really need to see how this rally evolves, if it continues along the path of the last two hours, the only thing I'll have to scrap from the map is he sharp late Autumn decline and will probably raise the target to just around 2500 on the Naz late in the year. I am not ready to do that yet, but we may be embarking on an "unanticipated branch", the start of a third phase in the current cyclical bull (first was July/Oct/2002 bottom, which ended in January 2003, the second was the March 2003 to January 2004, which may be ending the retrench from now. If that structure is dominant, this leg could be quite powerful, with 12,000 on the Dow taken (well that was in the original map anyhow), it could also extend in time to April/May 2005 (if that happens without excess optimism on the way <g>), even 2820 on the Naz is possible. These are initial scribbling, so don't make a map yet, but within a week or so, I should know a little better where this thing is "supposed" to go. I have not been as bullish as that since late September 2001.
