Here are 2 different long term elliott wave counts from Ron Walker, www.thechartpatterntrader.com. I think the triangle outcome seems more likely given the Fed's willingness to print money and debase  the dollar.It is interesting how many bears have capitulated,frustrated by the market's inability to even have a small correction.........traders are buying every dip because they see Bernanke as underwriting the market but this will end badly sooner rather than later imo