this dollar chart from Sqwii  (http://sqwiitrader.com/weekend-outlook-for-26th-november-2012-bulls-comeback/ ) is probably key for the next week or two.If Sqwii is correct and the dollar declines the rally in equities will likely continue,especially given bullish seasonality

I was surprised by the extent of the rally,especially given the weekly candle breakout from a 9 week trading range on the Dax and the very bearish looking breakdown on Ftse,but we were oversold,with bearish sentiment and thin volumes due to Thanksgiving.I also think the extreme oversold position of Apple had a lot to do with it ,especially as we had hit the 525 target I was looking for