the pattern is similar to may to july of last year, which says the rally will continue another week or so before the bear bits hard.
Nothing ever works that easily, but a rally to 1450 or so will set up a nice decline.
BTW, the only way we avoid a nasty bear is if the idiots in washington enact a bit stimulus bill, spend 500 billion on public works, then the economy booms. The fed stimulus only helps the big banks make more money to be given to top execs, who hoard it.
god save us all when this all collapse. AM hoping not in my lifetime, but for sure the next big bubble will end the madness when it breaks, as they will not be able to hold it together again when that happens. Bubbles bursting put a strain on the system, as the ones in power always screw up and lose a ton of money when it happens.
