Bears looked pathetic on Friday when they failed to crush the opposition following hard selling overnight. Even so, I continue to believe that stocks have entered a bear market. This implies that a 7057.50 target drum-rolled here earlier will not be reached. I am not chiseling this forecast in stone, however, and I’d suggest using the details of my 15:07 post in the chat room to follow the play-by-play yourself. The critical thing to notice about Friday’s bounce is that it came from below the ‘d target of the pattern shown in the chart (inset). The overshoot may not look like much, but it is significant in the context of an aging bull market that until now has produced weak corrective ABCDs. To determine how significant, keep a close eye on two ‘hidden’ impediments above: 6786 and 6918. The provenance of both is explained in my chat room post.