Cole,
Yes I'm VERY VERY VERY VERY bullish beyond this week. I'm expecting a selloff that I will buy into. Buy weakness has been my mantra. I've been saying this for days and has been my only stance thus far.

I'm just playing a small selloff here. Some would say its not worth playing and I think that may be the case. If a selloff doesn't materialize I'll eat my loss and my words and go long, which is what I plan on doing Friday eod pretty much no matter what.

The one wrench in the upmove that is front of us is the Russia ordeal which could bring a rather quick deep selloff that will mark the end to the entire downtrend that started in November 2007.

Sensei, with all due respect, I think this market is indeed headed higher in the short-term (next 3 trading days or so), and much higher after a small sell-off.

My reasoning is looking at the Stochastics here. The weekly Sto's are just now turning up the heat, after the 60 minute had a chance to reset today.

There is massive Bull firepower on the sides right now, and all the sentiment is quite bearish right now. I am holding long SPY132's for the next few days. If WMT can hit its number, we could get a strong rally tomorrow.

Are you seeing what I am seeing on the monthly and weekly Stochastics for the DOW, SPX, and QQQQ's? I just keep looking at these charts, and all the big sell-offs come after the monthly and or weekly Sto’s are overbought.

Also, the market seems to really have held up well with all the negative news lately, why?