The last week of 2009

At this moment, I would like to have a review on the weekly chart of S&P 500, please refer to the chart below:

• The uptrend channel since March is still good and valid, to date.
• The next major resistance levels are 1200 and 1300.
• I still think S&P 500 will hit 1200 sometime next year, as pointed before.
• If no big drop, the bulls will win ! to be specific, many stocks will easily gain 200%,300%,500% ... even if S&P can hold around 1100, not to mention the running up to 1200 ...

Cheers !