treat50, I think that you are generally bullish on the market as I recall of course unless you have changed your mind since the last time when you stated your market view.
Markets have sweet and sour spots and I think that, as stated before, it is better for markets to show significant corrections before launch a new bull market.
From bulls stance, markets are forming triangle correction formation and it is a-b-c-d-e correction breaking out to upside (this can better be seen on Qs and Nasdaq). We have discussed about testing the SPX 1575 +/- before I became concerned with inflation due to higher oil and commodity prices. But when I saw the price actions in low volume correction during since 12/11, I need to change my bearish stance on 12/17 as we now see that the next day was a reversal on 12/18.
We now have 3 day rally on Qs/Nasdaq, however, DOW and SPX didn't move much.
So, do you still feel bullish? What are your thoughts on oil and commodity high prices?
International companies like RIMM, iPod, GOOG, MSFT, etc are going one way up and all the others to the other way down.
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