The majority of stocks are already in bear markets.
There have been few bases and many tops.
This week will be volatile.
The good news is that the bloggers are bearish.
But this is the week that some of the intermediate-term indicators may finally halt their downtrends.
And everyone has their eyes on a line on the S&P chart.
The best thing this market can do now is come back down during the middle of this week.
But I do think the market can and should rally in the short term.
The market got a whoosh and a rebound, which did at least relieve the short-term oversold condition.