be patient before going long

The markets have been on a tear for the past 6 weeks. The markets have staged a spectacular rally without much volume. The big boys are basically doing nothing with the exception of the small propping action and make sure that the markets float higher on light volume. Once again it's the little investors who are chasing the market higher.

Well gold and oil appear to be at a resistance point (look at the charts), the SPY is extremely lofty. And the US dollar (UUP) well it's either topping, or there will be one final blow off higher before all that printing catches up with the fundamentals, and the USD starts it's long term decline again.

I highly doubt the big boys will not be playing some game in the very near future to shake people out, just like they did in late January, and likely what they will do in the very near future. After all they have to sell their options to dumb people and make them expire worthless. They have to sell their shares at high prices to dumb people , and buy it back from them at low prices. (Dumb is a relative term, I don't mean to offend anyone). CNBC, Marketwatch is all vouching for the stock market and how there are good buys everywhere... (is that a forshadow for topping activity?)

I don't doubt that the SPY can reach 125 within the first half of this year. Gold will be rallying, and so will oil. Guess what happened in 2008 when oil rallied to $147?? Well oil is now at $80, and if the markets continue to rally, guess what will fuel that rally? Oil itself... and guess what will happen at the end of the rally? I'll give you a hint... consumers will not be very happy with high gasoline prices. And that's when Ben's printing will catch up and make things that were suppose to happen to the economy a reality.