11 OCT 2011, Tuesday (AM)

• Last Wednesday mentioned about the similarities from Spring of 2008 and current timeframe and the possibility of a 1-2 month choppy up move.  Found some charts that better show it from different sites.  Nice when I can find charts already done.
• Above, chart from etf-corner.com, shows current timeframe on top and 2008 below it.
• Below from breakpointtrades.com, shows a similar possibility.
• And for the more bullish case of similarities...click here.  I think conditions are not the same as back then.
• Of course it doesn't mean that has to happen since the market can do anything at anytime.  What the bulls don't want to see is a break back down out of the range.
• Anyways...market has streaked straight upward from when it got back into its range (~8.5% in 5 days).  Above it's 20 and 50 (first time since July) MA's.  Short term overbought would expect some pullback in a day or two.  
• Way at the bottom, from alphatrends.net, recent volatility captured via % change runs.