Long live the BULL???

OK, this is not pretty,  I had this feeling the Bulls where going to show off their......and they did....We bears have got to be patient, but the upside could get ugly, If we break this top channel support that we are at right Now ARC, we do not see the light of day till 1152 area....top of the channel...if we manage to break that,,,,1182 is the next support.  Now, the good news is  we could fall from any of these points, peaks or levels, whatever you want to call it.  Remember some Elliot Wave formation information...kinda ryhmed didn't it...LOL!  seriously now..turn to your Elliot wave book page 73,    "THROW OVER, Within a parallel channel or converging lines of a diagonal, in a fifth wave on heavy volume as it approaches its upper trendline, it can penetrate it  or bounce off into a 4th wave then resurge in another spike of volume to break the upper trend line, buttttttt it must come back into the channel, immediate reversal back into the channel....something like that...I think you understand...what I mean..  The last hurrah! 
If we proceed to go higher, it leaves me to conclude two final scenerios...both I had mentioned at one time on A's site...  1) we started an expanded triangle  in 1999 in Grand Supercycle Wave 4 and we are then technically done...March's low was the end of the E wave.  Or  number 2)  Wave 1  of wave A ended on 11/17/08,  wave 2 started in perfect bear form...A up ended 1/5/09, wave B ended March 09 and we are now in Wave C of Wave 2, and if that is the case we are going to 1219.23    hows that for a figure!  the only way to know if we are in Scenerio 1 is to wait it out, the probabliities of this being the start of a wave 5 up would be shocking to me...The economy is faultering, unemployment is staggering and the country is just plain bankrupt.  Lets keep scenerio 2 alive ... and scenerio 3 , that we are still in a B wave...that has just extended....either I like....gotta get some rest...have a great trading day...>L