By the way, doesn't the crash of '87 look tiny on your long term S&P chart, Woodonnee...And that took a couple of years to work itself out. This grinding slow motion crash will I think take a commensurate period to work itself out...even if as some say its very slowness is a form of working the trauma of loss out as it unravels itself. So no over shoot below long term average. The trouble with bullish indicators is, that if one was to look then one would find some bearish indicators to bolster ones position. In other words you can always summon arguments to support your side. This is just my opinion in what is proving to be a very hard market to call.
