Waiting on the sidelines !

With the S&P500 still creeping higher , maybe we will finish higher for the 6th week on a row, I am at the moment still on the sidelines with the kind of approach of wait and see.
The main reason, even with earnings coming better then expected for now on 2:1 ratio I honestly cannot see the fundamentals supporting this rally, but there we go ,the markets are not rational !
More and more at all levels I see and ear reasons for this market to go down, but it still keep goig higher, so I wonder who or what is supporting this rally, on of the most compelling arguments I heard (zerohedge) has been the big quant funds have been "catch" is some bad shorts positions so they been "hedging" against it, which it makes sense in a lot of ways and support the fact of the market been inching higher at relative low levels.
I truly believe we are getting ripe for a violent reversal to the downside, where I am just waiting for, or to get to 874 level or return back to under 841 level to jump on the waagon of the shorts...
Just some tought's

blogging ...

Hi finnaly I am going to start a kind of journal in this site, I already have a blog where I try to put some trading reccomendations and some positions I get in , plus some views on different things, it is where at http://justrade.blogspot.com/
but on this blog pretend to do more like a journal !
Lets see if I can keep up to date...