This is where it gets INTERESTING

Perhaps Hank Paulson should deliver the above line to our showboating leadership on the hill

Right on cue the BULL is back! So sports fans how high do we gun this market? As predicted the over obvious bearish head and shoulders pattern failed in spectacular fashion today emboldening the late to the party bull crowd. The dumb money, retail, late to the party, long only faction is now tingly and fully engorged. Can we look back to this time last year when the emotions were running exactly the same, all was well...... and ran into the abyss! Earnings season should rise above the lowered bar expectations, and goose us right into the fall. Perhaps some hesitation at the previous high at 956 and a tantalizing whiff of god forbid S&P 1000. This is when the head of the feckless long only crowd will be fully ensconced in the guillotine, once again. I am calling for a choppy upwardly biased summer, and then the END! For those wiling to make a stand and be flexible, it is truly days of Wine and Roses. Trade the tape you get not what you WANT.

Good Luck

EX