I was a little bit disappointed that we didn't see a Christmas miracle yesterday and retake $100K.  It was clear from the volume that people were trying to take us there.  When you zoom out though, you can see lowered volume lately and a consistent trend of lower lows since setting the new all time high.  This is pretty bearish.  If I didn't know about the 4-year cycle and didn't believe in all of the cash that was waiting to pour into this market, I would be a bit pessimistic about the near term price direction.  This isn't my first rodeo though.  Holding and waiting for the inevitable.