I'll have to check out robtv when I get up there this summer. As far as the bear & the bull. The Dow has shown consistently over the last 100 years that the markets are statistically more bull than bear. Bearishness trading should be used to weather the storm when the markets turn sour. Look at Pretcher in the 80s. He was calling a market top there and it went much further than he anticipated. And then the talk of the last housing bubble. Some people sold off their homes 10-20 years ago in anticipation of getting something cheap only to miss out on the even larger price appreciation here just after 2000.
The Fed is pumping tremendous liquidity with their open market operations. I do not think their intent is to have 10000 breached but all they can really do is soften the blow. This is the same sort of this they did in the first quarter of 2000. They pumped liquidity into the markets then and helped provide some upside to sideways movement before they finally rolled over under tremendous volatility.
But the short term trend since the 18th shows that the market direction is up and that the INDU is now back testing the 2002-2005 trendline. It should go back down and retest 10400 to maintain bullishness. Failure there does not mean the trend is damaged it means the current wave up is done. There is still support around 10250 that should provide additional strength.
Market Data 
Markets 
AI
