I wrote this before and almost submitted it to my editor for today's column.
If Grandma had wheels she'd be a bicycle.
But breakouts from patterns as the current large one require a marked mood swing, from apathetically neutral to energetically bullish. That is what breakouts are all about — getting the crowd moving one way or the other.
That shift seems nowhere in evidence. But if the market can suddenly fire up all burners and get the public back in the game, then I will have to eat my hat. (end quote)
IF the market can fire up on all burners it would be a bull market
She doesn't and neither does the market