How Much More Ammo Do Bulls Really Have?

At times like this, it's easy to get lost in the day-to-day market nuttiness, and I've found it's sometimes helpful to take a step back away from the one-minute charts and look at the big picture.  So today we'll start off with the old reliable NYSE Composite(INDEXDJX:NYA).  NYA is a great representation of the broad market, since it contains all the common stocks on the New York Stock Exchange -- and it often tells a different story than the big-cap indices like theDow Jones (INDEXDJX:.DJI) and S&P 500(INDEXSP:.INX).