it doesn't exist!!! Just look at a chart of the Dow during any bear market. There was no v-bottom during the 1930's, 1970's, early 2000's, and there will be no v-bottom to this bear market. There are ALWAYs double bottoms in any bear market, and this bear market will be no different. The market will definetly retest the lows!
When!!! I keep thinking the 875 (s&p) resistance will hold but this market just wants to keep going higher. I keep waiting for that profit taking sell off and just doesn't seem to happen. I am beginning to get a little worried about my FAZ position especially if it breaks through and closes above 875 (s&p).
So what is your take-- when will the market pull back and how far (on the s&p)???