"...Peering into 2011 2009 - Was the year for the birth of the stocks stealth bull market that saw stocks soar into year end from the March 2009 Lows (15 Mar 2009 - Stealth Bull Market Follows Stocks Bear Market Bottom at Dow 6,470 ). 2010 - Is turning out to be the year of consolidation with an upward bias, which has repeatedly given the bears plenty of rope to hang themselves with. The trend expectation is more or less turning out to be in line with my original expectations (02 Feb 2010 - Stocks Stealth Bull Market Trend Forecast For 2010 ). 2011 - The big picture is that of a multi-year stocks bull market that will complete its second full year in March 2011. The starting point for 2011 would be for this years percentage move plus 5%, so if the Dow ends the year up 10% then that would convert to a minimum 2011 target of 13,400, which would be within 700 points (5%) of the Dow's all time high that would be achievable during a strong 2011 bull run (note this is not a forecast as it is not based on in-depth analysis which is due by mid Jan 2012). So I will leave to those that don't trade to continue calling for for the end of the stocks bull market all the way into the Mid Jan 2011 peak, with the final fifth wave garbage, perhaps another hindenberg crash omen to be conjured out of the hat AFTER stocks have fallen..." Nadeem Walayat of www.marketoracle.co.uk
After the fact at this point, it is quite clear now that the HFT were working on overtime to make sure the planned 1250 must be tagged first =P