[Cicero]

I'm not sure if the bear will resume or if there will only be a pullback for a few weeks, but I do expect some kind of a downleg.

Of course, it's possible we'll just keep going up. But if you look at the candlestick chart I linked to, the MACD lines and the overbought indicators suggest that some sort of correction is immanent.

On one side, as we get into year's end, all the financial types will be trying to push the market higher to ensure good bonuses for themselves. On the other side, I would expect some tax selling.

[expat_panama]

There's a lot going on; what stands out to me is that even though the dow seems timid about making a new high, the S&P, Nasdaq, and Amex indexes are all punching up to new levels on increasing volume.

I'm finding it hard to believe that the Dow is the one to look at and all the other trends are skewed.