"This is the week that will confirm a bear campaign since this...

"This is the week that will confirm a bear campaign since this is the normal time period for a counter trend rally in a bear trend. When this market appears to be waiting for an announcement every one know is coming, it is a pattern that can occur in a bear trend. Also, the index can or usually does exhaust into highs so a spike up this week does not eliminate a top this week. If the index can advance past this week this is not a bear trend.
But turning down now or next week will look like a completed counter trend rally in a bear trend. You can see how volume this month has been deteriorating since the capitulation low in March. The index has been rising due to a lack of sellers not because of buying interest. In other words, there has not been a lot of interest in stocks at this price level and a wave of selling will not find buyers. This is the week that should tell the story."

That was written on 30Apr08 by Mclaren. He's got a chart with a small red box that signifies where he thinks the spike higher can go to. I think he's basically said that if the market can moev past its current level this coming week, then this would signify a strong push higher, and would suggest that it is the start of a new bull market I guess...
If not, then its just a counter trend in a bear market rally...