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To: MythMan who wrote (417604)	9/14/2011 8:50:51 AM
From: Rarebird	Respond to of 436258

Being long this market is like climbing a steep mountain. Set your pitons in the rock and, as long as they hold, you're in good shape. But, accidents happen, and in rock climbing they always happen in the direction of the larger trend, which just happens to be gravity. Right now, the market should be rallying sharply higher if there were no larger trend to contend with. The fact that it's having a hard time getting off the floor is one of those warnings that the larger trend will - at some point re-assert itself to the downside. By 2014, SPX reaches a long term rising support line from almost a century ago at SPX 543. Of course, that assumes the market behaves itself . There's no guarantee that it won't crack the trendline if the European Debt Crisis gets totally out of control (very possible). If so, the long term support line is right now at SPX 475.