It looks as though the Street is making one last push for the Santa rally. See in the chart of the SPX the low in March, the low in August and last months low. If draw a line through those points it would be upward trending. Next look at the high at 1560 in the last week of October right up to yesterday. You can see how the market declined in a straight steep line to 1410, the rebounded to just under 1530, then back down to 1445.90 yesterday. It is forming a well known "W" pattern. This is very bullish along with the stochastic under 20 could be explosive. To further cook the pot they came out with the criminal empire Goldman Sachs quarterly numbers. They really want to push this thing up. Goldman's numbers are phony and do not reflect the true state of the market, because they have so much inside information and manipulation ability that they can't loose. For example how can you have a bad quarter when you get to set the price of your own assets? And I'm not talking about just the level 3 assets. See the post Golden Godfather.
Link 1:http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&sid=0&o_symb=spx&freq=1&time=8
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