The S&P and the DOW had created a long-term bull pattern which had broken down when the S&P hit the "666" level some time in Mar. 2009. When I was a competitive athlete, I use to have certain good luck rituals along with a combination of talent and hard work. I know many outstanding professional athletes and gamblers use some lucky charms. Most, recently, I have purchased stocks with 888, 777, 999 shares. One thing I've observed time and time again is that when a stock hits 6.66, 66.6, 16.66, 26.66, it would come crashing down sooner or later. Most of the time, I just stayed away from stocks that hit those kind of numbers. Sometimes, I would believe that it was just a coincidence, so there were a few times, I use to take a chance on certain stocks, and I would got burnt each time on those stocks. This time it is on the S&P index hitting "666" on 3/6/9. I still think it could be a coincidence.

Also, I've noticed that when stocks breach certain support patterns, it would eventually go down lower. The S&P 500 and the DOW has breached that pattern when looking at a 20-yr. chart. The DOW, Naz, and S&P, has been trading within a range since 1997. In Nov. 2008, the S&P 500 breached the 768.63 line by hitting 741.02 (Oct 2002), then it breached it again in Mar. 2009 by hitting 666.79.

In Mar. 2008, the DOW breached the 7197.49 line, when it hit 6469.95(Oct. 2002). I've noticed the bottoms would have triple bottoms which lasted for 7-8 months.

The fundamentals of the US economy is not sound. The US Government is in debt. Many states and cities are in debt. Many people have credit card debts. There have been many scandals on Wall Street. There have been many scams from local levels to the state levels.

On the positive side, the 50 sma has crossed the 200 sma. Also, the Nasdaq did not breach the 2002 levels. Another positive is that the S&P and the DOW had broken out to all time highs in Nov. 2007. Just remember the S&P is heavy in the financials and energy.

What I can hope for is that the market holds above Mar. 2009 levels. I am anticipating the market to correct. Hopefully, the market stays above the Mar. 2009 levels for everyone's sake. If it doesn't, then everyone will experience pain whether you are in the market or not.