Nice to see someone doing some decent chart analysis on the...

Nice to see someone doing some decent chart analysis on the market redback. Some of it is a little tentative for my taste but thats the game.

Heres my call. Originally when I called the bottom back in early March, I estimated the bear rally would go to 4000 and it has in fact gone a little above. Im expecting a window-dressing rally by would-be institutional bulls into early July, which may finish this run.

Despite all the bullsh about "largest rally since the 1950s", this is a true and fairly feeble bear rally with declining volume all the way up. It is not yet shortable because although momentum has continued to flag, no trendlines have broken, and these running corrections can go a long way. Nevertheless, anyone trying to milk the last bit out of this should tread carefully.