remember, the bullish count has us going up to 1170 - 1200 possible, that count was shown here about two weeks ago. For that count to play out, this should be wave 3 of 3, so it should rally up hard from here if that's correct; we'll see.  

And speaking of the 50% Retracement, that was one of my targets back in late March!  So we've basically achieved that original target!

I hope you are long and taking advantage of the rally; I've had so many longs on the watch list for a long time, it's crazy

you guys are getting too emotional about the market, I can tell in your post. Just relax and trade the trend, take some profits at resistance points, be disciplined, and don't get complacent. Stop worrying about what Prechter said or some other analyst and what trades you missed, focus on the here and now and growing your account.   Again, even if this is some large bull market, it will have to consolidate sometime soon, go back and look at the bull market from 2003 - 2007, the market had a big rally from 2003 - late Jan 2004, which was similar in nature to the move up this year, but then it consolidated and went nowhere for 10 months, yes 10 months! SEE the Attached Chart , After that 10 month consolidation it then started the next leg of the bull market (also notice that the 50 EMA stayed above the 200 EMA during that consolidation, the golden cross.  This market will have to do the same, if it's a bull market, it will have to have a rest and have a nice consolidation (just like in 2004), but would probably have some more upside first.  However I see that as the best case scenario; t he worst case would be that it forms a more significant top and comes down hard next year retracing much of the gain.   The thing to do now is to trade this market, this is not the time to buy and hold.  If the bullish case plays out, the time to buy will be after the inevitable consolidation, not getting emotional now thinking that it will go up forever.