For two weeks market goes nowhere but down on very low volumes. New year comes and ISM report makes market pop upwards 1% in a few minutes. Hype and pump are back. I think it will last until 14th when IRS comes a calling for next estimate tax payment.
Zeev, between Xmas-New Year's, you were less optimistic about the potency of a bounce from these levels, but in your yearly forecast, you are now looking for a double top of sorts..
What changed for you? Are you focusing on the lack of new lows as we broke 1347 (thus watering down that number?)