Scared Bears, Emboldened Bulls By Helene Meisler About this article: My inbox is filled with emails from folks wanting to be bullish because they say everyone sees the head-and-shoulders top in the S&P 500. As is typical --since we know I see head-and-shoulders patterns everywhere all the time, mostly before they can be seen -- I saw this pattern before it was apparent and now it is so obvious it's on everyone's lips. But then my inbox is filled with notes from folks who want to be bullish because they say everyone believes because of the historical precedence of this "golden cross" thing that it must work. So to sum it up, the bears are scared because the head-and-shoulders top in the S&P 500 is so obvious; the bulls are encouraged by the crossing of the 50- and 200-day moving average lines. Of course, if you step back, that means the bears are scared because they fear everyone... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.