I know, I know... a lot of you don't care what the overall trend of the market is beyond the next 5 minutes. So instead of wasting your time and energy posting about the futility and absurdity of such a discussion, please accept my apology in advance for this burdening discussion and do not burden this discussion with comments and critique that are off topic. Now... looking at the daily chart of the Dow, an argument could be made that a bull flag has formed following a sharp rise from the October 10th low of 7197. What's more, this flag has formed its base along the 50 day sma! A pattern such as this often times breaks out and rises an amount equal to the amount that preceded the flag. Also, this second move happens in nearly the same time as the first move. The first move in this case took almost 2 trading weeks. A similar move up puts the Dow at about 9500... just a couple hundred points over the 200 sma...not a bad overshoot. Of course we are in a bear market so no overshoot at all is likely, thus making 9300 a reasonable target. What trading strategy would you use to best take advantage of this rally?