September 7, 2010

The Bears Better Be Prepared for Blastoff

Jim Cramer, TheStreet

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Editor's note: This is the first of a four-part special by Jim Cramer. Here are part 2, part 3 and part 4. All of the posts first appeared earlier Tuesday on RealMoney. Click here for a free RealMoney trial, and enjoy incisive commentary all day, every day.

After an exhaustive look at every chart in the S&P Trendline's Daily Action Charts, my takeaway is that the bears will have to push the market back this week, because soon we'll see so many breakouts that the bears will be like Custer. Then it could be all over, and the market could rally 10%. There's so much on the line for bears who have mauled us every time it looked like we would break out. Right now, given good recent economic data, the bears look surrounded. The charts show an extraordinary turn from just two weeks...
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TAGGED: stock market, Jim Cramer

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