The Black Box

[mjk]

"You don't have to be a bear to call the formation a bearish wedge"

oh I know that...but I know that you know that "bearish" formation can just as easily break up as it has to this point...all I meant is that the hardcore bears that I've seen have been posting that chart for some time saying there's no way that breaks up, it's bearish, there are neg div's etc. You know I don't take that simplistic a view of it either...I know we could head back down inside if the smart money isn't ready to explode this up...I think we're very close, and really I think the next couple weeks will tell a lot. If we're at new highs within 2 weeks, the comp will have held on to that support area and the others indices will then most likely be breaking out. So we'll see what the next couple weeks brings...I'm still leaning up but I guess that's just the permabull in me <g>.