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The Russell 2000 Crossed Above 1000 As Momentum Continues.

|Includes: DIA, GLD, QQQ, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

10-Year Note - (1.965) Annual, daily and semiannual value levels are 1.981, 2.079, 2.476 and 3.063 with a monthly pivot at 1.945, and weekly and semiannual risky levels at 1.677 and 1.413.

Comex Gold - ($1393.9) Daily and weekly value levels are $1345.9 and $1318.1 with monthly, annual, semiannual, quarterly and annual risky levels at $1566.7, $1599.9, $1719.2, $1808.3 and $1852.1.

Nymex Crude Oil - ($96.67) Daily, weekly, monthly and quarterly value levels are $94.53, $93.99, $88.34 and $79.66 with my annual risky level at $115.23.

The Euro - (1.2884) Semiannual, daily and quarterly value levels are 1.2797, 1.2688 and 1.2169 with weekly, annual and monthly risky levels at 1.2951, 1.3257 and 1.3597.

The Russell 2000 crossed 1000 as the Nasdaq moves up towards its semiannual risky level at 3583. All major averages set new all time highs or a multi-year high for the Nasdaq on Monday. Technical momentum continues to trump the ValuEngine Valuation Warning which continues to intensify.

Daily Dow:(15,335) Weekly, monthly, semiannual, quarterly and annual value levels are 15,281, 14,651, 14,323, 13,755 and 12,696 with a daily pivot at 15,349 and the May 20 all time high at 15,391.84.

S&P 500 - (1666.3) Weekly, monthly, semiannual, quarterly and annual value levels are 1650.2, 1587.3, 1566.9, 1448.7 and 1348.3 with a daily pivot at 1668.2 and the May 20 all time high at 1672.84.

NASDAQ - (3496) Weekly, monthly, quarterly and annual value levels are 3436, 3233, 3106 and 2806 with the May 20 multi-year high at 3509.41, and daily and semiannual risky levels at 3515 and 3583.

NASDAQ 100 (NDX) - (3021) Weekly, quarterly, monthly and annual value levels are 2988, 2819, 2750 and 2463 with the May 20 multi-year high at 3032.86 and daily risky level at 3030.

Dow Transports - (6511) Daily, weekly, monthly, weekly, annual, semiannual and quarterly value levels are 6496, 6327, 6284, 6113, 5955, 5925, 5469 and 5324 with the May 20 all time high at 6558.41.

Russell 2000 - (997.98) Semiannual, monthly, weekly, annual and quarterly value levels are 965.51, 962.82, 962.08, 860.25, 809.54 and 807.82 with a daily pivot at 1000.10, and the May 20 all time high at 1001.50.

The SOX- (469.12) Weekly, monthly, quarterly, and annual value levels are 458.72, 419.92, 357.61 and 338.03 with a daily risky level at 472.39. My semiannual risky level is 520.17 with the July 2007 high at 549.39.

Dow Utilities:(514.70) Monthly, daily and semiannual value levels are 509.53, 507.27 and 474.63 with my quarterly pivot at 524.16, and annual and weekly risky levels at 540.37 and 543.29.

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