Sign of the correction ending ? - close remarks

What a nice run up day today. When I am watching the market, I really felt the bullish market mood, and the feeling is very strong. Very fortunately, I warned myself and my blog viewers the madness of the bull this morning:

Morning Comments

and at around lunch time again:

Market update

Is the correction since May 7 ended now ? probably, and we still need some follow through to confirm this conclusion. Here are the key points from the charts:

1. The Bulls successfully get back the 200 MA
2. Moreover, the down trend line since May 7 is broken out. And a new up trend is in the forming stage.
3. Qs are going to form a golden crossing soon.
4. QID may lose the golden crossing and form a dead crossing as soon as tomorrow.

All of these are pointing to a WARNING SIGN for bears. Very clearly, and no kidding. The bear's hope now is tomorrow not to lose the golden crossing. I have emphasized QID 38 level before, once it is broken, it looks not good. And you will be able to get it below 37 when you unload above 38.

So keep watching. The market will be more fun this week.