overall cyclical picture - even though we are NOT rallying by leaps and bounds, we are hitting right-translations even for the smallest cycles for all indexes, which is bullish; furthermore, all indexes have now broken their respective VTLs across the highs, and SOX/SPX/OEX have now also broken their 5-w FMA/FLD to the upside (and DJIA is right at it and NDX/Naz are just below it).
so, imho, I am leaning slightly bullish right now (even though I really want to see the market action tomorrow and into the end of this week before making a definitve opinion), but whenever this 6-7 day cycle low hits, imho we really *ought to* start rallying a bit more forcefully.
I've said all along that I will give the bullish scenario every benefit of the doubt, and will keep trying to do that.
