I was bearish
before, but now I m bull
, because this channel continues to be intact, and it just made a new high on May 3, 2013
. I realize that even though the fundamentals are weak around the world, the Federal Reserve
Bank will continue with their aggressive monetary policy
. Thus, the market will continue to rise as long the Federal Reserve
Bank is supporting this market. Regarding to the peak pattern from previous consecutive four years, this period is different , because we have the Federal Reserve
Bank supporting the rally.