And who says every investor (or algorithm) on Wall Street is not following technical analysis?
So here we are at, give or take a point, February (and yearly) 2010 lows. If this level can hold great calls of double bottoms will be heard through the universe.
p.s. there is now a 5 point gap to the upside between today's open at S&P 1067 and yesterday's close at 1072, which I'd expect to be filled during the next 1.5% gain in 15 minute rally. 1072 is about 2.6% higher from here ...
However, there is always a silver lining.. my Dow 10,000 hat is never going to go out of style ... a decade old and still kicking.