Dangerous Situation

No matter frustrated one is regarding the current market conditions there is not much to do about it but wait for a change in the trend.  This is a dangerous market in my opinion.  It is the kind of market that could keep going for longer than you would expect while the bottom could fall out any day.  Below I'm showing the Wilshire 5000 with Keltner channels.  Note how the market is riding between the 2.5 channel and the 5.0 channel just like it did last March and April.  Similar conditions occured in 2006 and twice in 2007.  Each it was followed by a very sharp and dramatic selloff.  It may not play out that way this time, but I wouldn't bet on it.