Somehow, after what looked like an obvious downtrend from Aug 11, the Dow rallied above the Aug 11 top during the session of Monday, Aug 24. I still think that a drop of 5-10% is due to occur any time due to the messy nature of the rally from the June low. But there is no way to really know when that drop will begin. The rally will continue until it stops.
Short term matters aside, I consider this a bull market that should last about 4 years.
Stock Market Discussion Blog 