The Technical Analyst community is very mixed at this junction on the charts. Many of the senior professionals are suggesting a long-term bottom has been put in on October 1 and a race to higher highs is underway. Others have their indicators turning down and believe we have started a new bear market. I am in the camp with a new long-term bear market based on my indicators and I am watching for how the market behaves as we approach resistance up above these levels.