The spx is up 11% since the beginning of this rally on Nov 15th.
The average rally between corrections of 5$ or more in the past 25 years (since oct 1987, I dont have the numbers for before then) is 12%.
The rally is 42 days long, not that long by historical standards.
We are only 7% above the 200dma, usually takes 9% or more to start a correction.
Bottom line: Am a nervous short, so will cover is we pull back to spx 1475 for short term profit. Of course, at some point we drop big time, but for now, bulls in control but the end is very near.
