Up? Down? Flat line?

Wake me up when something happens. We hit the top area of my target. Could still see one last mini-spike to the 855 area of the S&P, but then we should roll over. Earnings season is starting and there's no telling what to expect. Sure, things will be bad, but everyone has known that. The question is, will it be far worse than expected?

There are still so many games being played particularly by the big banks that it's difficult to get a grasp of how things truly are. Don't be suprised if Citi and Bank of America report better than expected earnings but that's only because they received some huge payoffs from AIG. Yep, our tax money at work... bail out AIG so they can pay off their bad bets to the banks that are also receiving our money... it's ludicrous.

I'm in no rush to get back into the market. There is nothing enticing to me at this point. Is there anything as far as data that makes things look promising? Not yet. At least not to me. I may very well be a little late to the party, but I'd rather be late than early in this case. I'll be ready though and I look forward to it.

See ya at 750? Who knows. Could be 900.

I'm sticking to my prediction. 750-770 is the next level.