Sometimes I guess sarcasm doesn't get across very well. I posted an extremely weak looking chart as a response to austinp's legitimate question "where are the breakouts" and wrote Code: I thought the last breakout to the upside of the rising wedge in the SP500 was convincing and extremely bullish!!! Translation for ET posters in plain English: Code: Yes, we're extended. Yes, breakouts on light volume from rising wedges have the potential to break down with a vengeance. From failed moves come fast moves. Watch out. Use stops on all positions. Don't put your cat in the microwave.