Is the Trend a Friend?

The trend has clearly been e friend, draw a line. Take a ruller from the lower left ofof most major us. Indice, a large cap a, you know, indices and just draw it up. Forty five degree angles held really nicely. You caund also do that on the in side. If you look at the ndx where it topped out yesterday, is really att a very technical, extended level,. So i think you have to differentiate between what you might think of from an investment time horizon, versus a trading one. I don't really see a lot of upside heading into september, with the s am p up about 20 %.