29 AUG 2010, Sunday (Part 2)

• Possible bounce...retail investors are very bearish here.
• And...c'mon...a potential inverted head and shoulders setting up?  So, a head and shoulders within a head and shoulders followed by a potential inverted head and shoulders?  This market has been schizophrenic and is testing both sides with the question..."What do you see and what do you believe?"  Red pill or blue pill...how deep does the rabbit hole go?
• It's exactly the reason why I'm waiting to see how any bounce plays out...still negative...just trying to be patient.
• These are just "musings of a madman"...
• Kick in the teeth to the bulls would be to make it above the 1135 level and then fail as they would feel good about the inverted head and shoulders playing out and then be trapped.
• Kick in the teeth to the bears, currently, as they were so close to breaking the 1040 brick wall but couldn't do it.
• Isn't this fun?  No...it's exhausting...which is just how Ms. Market likes it.  No one rides for free (ie, without stress)