so, was that the bounce?, page-9

zugs, unfortunately everything indicates extremes in the stock market and supports at the minimum a very sizeable correction.
The chart below is just another piece of evidence to support the case.

Markets will not ignore or remain disconnected for much longer. Europe s a mess with GDP declining and unemployment at a record for the region.
US GDP falling last QR and all indications so far pointing to another decline this QR.

These markets will not go ignoring the real story indefinitely. In fact we may already be witnessing the pre-sell off with a quick short drop followed by new slightly higher highs( perhaps record DOW highs)and then disbelief as the indices takeout weeks of built up support in a few short sessions leading to panic.

http://stockcharts.com/h-sc/ui?s=$SPXA150R&p=W&b=5&g=0&id=p91074136483