SPY Deja Vu (1998 And 2007)?

As pointed out by Mark Boucher the current market environment is acting similar to 1998. A Daily Chart of the SPY from 1998 shows they rallied strongly over a 3 day period (points A to B) right before they peaked which was then followed by a retest of the early September low (1st Bottom) that led to a bullish Double Bottom pattern. Also notice the volume on the last upward day in late September (point B) was very low (point G) as well. Read More...

[Source: The Money Blogs]