was today the top of the bear rally?

let's not forget the actors on stage for this play we are watching,both up for academy awards,bernanke and gsax, and their understudies, bush and cheney, and the supporting cast, the oil cartels, the hedge fund managers,the mortgage lenders,your local bank,savings and loans,the fdic,fannie mae,and a long list of credits for one of the truly most unbelievable rallies in history,the party isn't over yet...fundamentals trump tech analysis every time

 

I get nervous at 60%, but I will still not exit my longs until we get a 6% reversal from the high on the bullish percent. The index I am using is at 53.6% which is a new high on this go around.

 

Eliiot Wave International's 'got it all figured out'

yet somehow, they are notorously wrong in their calls (in their primary wave counts, anyway, LOL)

 

well, the longs owe me

nothing makes a day more green, than a top call the day before

 

Who knows? We might have a repeat of yesterday this afternoon.

 

depends on what 'was the top' means

strictly speaking, it would mean 'down from here', not 'up, then down' - that would make today the top, not yesterday

but, you may be right

 

every dip is bought

 

Interesting in the light of your bear market thesis isn't it?

 

Market is nervous about something, maybe Goldman is about to drop a bomb. It's down today, the rest of the group are up smartly.

Dow has been in a 30 point range for the last 3 1/2 hours.

 

Looks like it is a TREND DAY into tomorrow's expiration. Wouldn't be surprised to see a move back down to the 40 day MA in the SPX after expiration. That would be re-testing the lows at 1383-1384 SPX.