If everything is picture perfect tonight and tomorrow with earnings, the DOW will surge past 9000. We need perfect earnings from: GE C BAC GOOG IBM and if CIT gets the $4,5, or $6 Billion they need we might add an additional 100 points to the DOW, BUY BUY BUY, earnings haven't disappointed yet and will not disappoint, its guaranteed risk free market going forward.
IBM having a huge quarter, beating by a mile. GOOG okay numbers, so far tech could have another great day tomorrow.
It has not failed yet, these things take many weeks to play out. The most likely scenario is still an inverted head and shoulders on the S&P (and therefore on the ES as well). We could be well into the Fall or Winter months before we see the right shoulder form. And then again it may not form at all with the market simply continuing sideways and up creating an amputee.. That's unlikely however. Patience.
If JimmyStock/Thorn/Etc was as short as he said in his "9 Figure Hedge Fund" (and as egotistical as he seemed here, he didn't cover), he's gonna have to do "The Niederhoffer Hop"! "Dear Partners and shareholders, I regret to inform you I must close the fund and return what little is left of your money..."