Don't Dream It's Over

There is freedom within
There is freedom without
Try to catch the deluge in a paper cup
--Crowded House

Bulls breathing another sigh of relief as their defense of the 200 day moving has held once more. Several pundits seem to think that the battle is over.

I wouldn't let my guard down so quickly. Perhaps this lift is merely relieving some oversold pressure on the stochastics before the bears muster another assualt.

position in SPX