AJTJ> Your view very possible
but for my bear if not outright crash to claw, now is the time. I would like to see gap down on monday, tuesday, with bigger and longer black candlesticks. Then a weak recovery of the crows (< 1 fib) and then a final big time crash if not over immediately then within a few weeks.
Watched the FOX Bulls and Bears show this AM, and all very bullish, yet all said this is a bear market rally. Mr. Brinker started this rally with the same call, an 8 day spike still followed by churnings at the top. To me the crowd is in, but not believing it will last, and this is ideal, as they are all ready to jump, and will do so as the market decline begins. We could crash if they all escape together, and with the money supply growth and dollar so weak and with tax IRA flows gone, I don't know where the money flow would come to rescue. My guess is the big sideline money will not arrive until stocks are truly cheap and selling at reasonable values.
Situation is ideal and I noted someone indicated commercials are increasing market shorts, hopefully not so much that they will provide liquidity during the down.