I think your right zeev, if you look at charts like orcl, sunw and csco, the rally off the late november/december lows all look like consolidations in a downtrend, if you look at charts like sdli, glw, emc, they look like they could be putting in right shoulders of H&S top and the final parts of the bubble, that have largely been spared could be caving here.
oex did a weekly tail into resistance
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and u got these crazee posters telling u to go 100% margin into resistance -g-, when rydex #'s are showing some fairly good bullish capitulation into fed meeting, plus you got posters saying the "bears are in denial because of retro reasons", not so sure who's in denial -g-, i think this supercharged rally from the jan turn is more of the dead cat variety off oversold tax loss selling, with people all thinking this is 1998, i doubt that it is, they weren't laying off people at janus at the bottom in 98,
and after all this is the year of the snake -g-
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