While we all await the announcement of QE2 monster, let' s look at some perspectives via charts prepared by technical analysts at UBS.
This seems to be the pattern markets try to follow right now, with short memories. Click on charts to enlarge, courtesy of UBS.
This is the Dow Jones decennial cycle.
stick to Japanese candle-stick masters, so far ... that assumes a correction to see how strong the bulls are. But that may change quickly.