Bliss, the market is waiting for Bernanke. If he says something stupid, the market is doomed. However, my read is that the market is preparing to take his dullest statement as a HUGE positive to explode upward--even if it only lasts a few days. Then you can go back to your melt-down talk.
We will know if Bernanke has said the wrong thing if the $NYA base breaks, but for now, it looks good. The $INDU is breaking up and out of the diamond/H&S formation. If a back-test holds, it's up and away for a few days anyway.
I'm prepared for either move--up or down.
BB
