It might be that the upward stock trend will hold. My big picture system is nowhere near a sell signal yet as I thought it would be by August 1st. The commercials are very heavily long at this point, which is very bullish. Also, the bond market rally if it continues, is supportive of stock prices. Maybe the PPT will hold stocks up for awhile until the RE mess calms down a bit.
Also, although an intangible, there seems to be alot of negative news out there, which is typically not what surfaces at market tops.
Boeing, which is one of my core stocks I bought in April, just made new all time highs today, so things are still ok for alot of the big caps. I like the boring steady companies, not the high fliers.
