Is The Pullback Over?

The S&P 500 is now up 5% since its close on February 8th.  From January 19th to February 8th, the index fell about 9%.  At its current level, the S&P 500 is slightly closer to its January 19th high than its February 8th low.  Now the question is whether the recent pullback is over or not.  Will the index close above its January 19th high before it closes below its February 8th low?  Please take part in the poll below so we can gauge the current sentiment of Think B.I.G. readers.  We'll report back with the results on Monday.  Thanks!

Will the S&P 500 make a new 2010 high before it drops below its 2/8 close?
	Yes
	No
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Comments

[john]

This is a counter trend bounce in a secular bear market. The rally ended friday on OPEX. The 1107 pivot failed and we are already headed back down. Monday is going to be ugly.

The punch bowel is already gone from the party but few have noticed they are still drunk. Im glad there are many that think this is just a correction in a bull market.

The setup is pefect for a bull slaughter, and belive me it's comming. We have not had a 100 point slide in the S&P for over a year now The next move down will change that and the fear it causes wil change things very quickly. People have forgotten the market can fall 25% in 2 weeks or less.

[coocoo]

punch bowel, comming, wil

Why should we listen to someone who can't even spell?

[heywally]

Follow Price.