Breakout or Fake Out In Stocks?

My experience with bull markets is that by the time investors have been tricked and fooled by second phase noise, no body is ready to think about the possibility of a third speculative phase - yet here it comes. The four days of next week might provide me with another +$100K. I know I'm a dreamer. Breakouts are bullish, right?
 
In 1982 would you have predicted an 18 year rise in stocks? In 1982 stocks were on the verge of exceeding even the wildest bullish expectations and I was fully invested then as I am now and plan to remain that way for years into the future. Europe is now waking up.
 
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