One test will be the political urge to soak the rich with higher levies--Australia's top personal income tax is already in the upper reaches of our annual Misery Index.

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The PowerShares QQQ Trust ( QQQ), which tracks the Nasdaq 100 Index, exceeded the upper resistance from the flag formation on Tuesday (line a), but then closed lower, which is a short-term negative.

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Another troubling sign was the breakdown of the Russell 2000 index ETF (IWM) from its upper channel late last week.

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America should index the retirement age to longevity and make the benefit formula for upper-income workers less generous.

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The Vanguard 500 Index Fund's annual average return since 1976 has been 13% after taxes for an upper-bracket investor.

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