I made a call before about the S&P going to 1300 by August/September and it hasnt been behaving the way I would have liked. So I took another look to see whats happening. I looked at the Russell 2000 and noticed that price did not make it above its last high in 2008. It came really close and then it started pulling back hard. I suspect this is probably a cup and handle on the Russell 2000. One thing to note is sentiment...its at a low. I follow the Rasmussen Investors Index along with a few other sentiment indicators. The following charts are not mine and the rules of this board do not permit me to post a link up to their source. Uploaded with ImageShack.us Uploaded with ImageShack.us Uploaded with ImageShack.us So I think this is just a pullback and we will get our spike to 1300 soon enough. Sentiment seems to be at a low amongst the investing public (Rasmussen conducts daily telephone polls) and the AAII. I also took a look at what Bulkowski has to say on the cup/handle. Here is what he says: http://thepatternsite.com/cup.html A few other things auto sales. This looks like its about to take off: Uploaded with ImageShack.us I am just posting this to see what everyone else's opinion is on the issues. Just a disclosure, Im just a mean ole man with a gut...the type that Jesse Livermore cautioned against taking advice from so do with the above information what you will.