The current rally off the recent lows has lacked typical sustainable rally moves and IMHO unless its characteristics change showing more buyer enthusiasm and breadth....is destined to fail.
WHAT after all the "good" news recently will provide buyers more a reason to STEP IT UP? or WHAT would give reason for buyers to come in strong enough to break out above the 1325 and above levels?
Pray for QE3 like QE1 and QE2 have proven effective for the economy...for stocks....we know answer it's been the saviour from going back to the bear market....even I can appreciate that wisdom...
D
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