According to my records of weekly closes, the Nasdaq is only 4.3% below its all-time highs of the last decade; the SPX down 17.7% and the DJIA 13.2%. Whether the NAZ can make new highs depends on the usual year-end rally and the upcoming Bullish 6-months cycle (Nov. to Apr.). The Election year of a Presidential (4-year Kinchen) cycle is usually slightly up. Beyond that, Martin Pring's Lost Decade is still the dominant cycle, echoing Japan's previous markets.

Here are the numbers:

While the Fed does the Twist with Zero interest rates impoverishing prudent investors while banks prosper, Occupy Wall St. shouts displeasure (37% of those polled agree with them). Uncle Ben predicted that the QEs would raise the stock market, but failed to mention the prices of oil, food, etc. that the average citizen had to buy, while receiving negative interest after Inflation (2 1/2%), taxes (going up soon), and a weakening $.
The year-end rally has begun, according to various cycles, but could become sticky around the current level (Jan., Mar., and Jun. lows/Support). 

As the old saying goes (Observable, but not Actionable) : So goes the first week of January - so goes the month; so goes January, so goes the year! Of course, a la the Heisenberg principle - since the year contains the month, it has a nice running start.

Still working on the matrix transfer, but the data is updated. 
One of my DITM blog readers kindly shared a DITM-style website, for those interested:
tknight@fullyinformed.com
Additionally, the Gabelli ETF - GDV- also does a nice job, with a 3+% mgmt fee. I also listed 2 trades I did today, ex-dividend tomorrow.

In recent months, I have said repeatedly that all you need to do is look at what the euro is doing to know how stocks are faring. This morning the euro is breaking recent support levels and falling to fresh lows.