Party is over starting tommorrow. Futures tanking and you can bet the bears will be out in force on every channel and publication bashing this into the ground. I would bet it gives up all todays gains and then some once they are through with it. Look for a slow decay throughout the day and the selling accelerate EOD. Pretty much the same pattern as the past year. Down below 12 before getting some support for possibly another run for 13. Has`nt quit been able to bust through but some back peddling must happen first.
You are absolutely correct about going down to below 12 before the next bounce up. Also can't forget the month of May is very volatile and usually ends down for the dow. People selling and going away for the summer. It might not be tomorrow, but we are going to see some serious dips in BAC and the DOW in general before this month is up.