11am update - bears..powerless

Another lousy morning so far. Yesterday's declines almost entirely negated, and its not even lunchtime. The underlying strength of this market..yet again showing itself. VIX is -5%, so far, its not a smack down, but...it sure ain't higher.


sp'60min

vix'60min

Summary

Back to a mere 5pts from the recent 1514 high.

So much for all the bearish 'giant wedge of doom' hysteria talk that is still out there.Just what the hell are these people going to say when we're trading at sp'1550, 70, and in the 1600s?

Ohh, I'm guessing they'll still be touting a wedge then too.
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Bears face the 24/7 threat of POMO, HFT algo-bots..and a media that will be cheer leading this market for years..regardless of the reality.
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