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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (423172)1/30/2013 11:29:09 AM
From: Rarebird  Read Replies (2) of 436258
 
This is a cyclical bull market within the framework of a primary secular bear. It's a very large trading range with a little more upside to go. I'd be surprised if SPX decisively breaks 1600. Once SPX hits 1550, I'd expect to see a few months of choppy sideways distribution and marginal new highs before the Primary Bear reasserts itself.

Near, but not quite at the consummation of the cyclical bull.
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