Monthly DJIA through February 2005

In February, the DJIA went up 276 points, a nice showing all around. The market is very overbought; as shown by the stochastics indicator below the chart; but you'll notice is was overbought for years during the almost parabolic run up to the 1987 "crash". Not much I can read from this chart with my current level of knowledge, experience and savvy.