The stock market is not traded by technical indicators but invested in by millions of people -- the majority of job holders between the ages of 25 and 50 -- every pay day thru savings and retirement plans.

The reason the bull has endured is because:

#1 retail sales have grown from $338,000,000 in Jan of '08 to 394,600,000 currently -- I'm guessing we all understand the significance of this
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#2 Continued favorable demographics in the US compared to all it's trading partners -- the largest part of the population is 20 to 25 year old males -- 25-year-olds spent a lot more $ than 60-something worry warts.

#3 Wall Street firms had to junk their arb ops -- i.e.: selling futures against their cash portfolios -- because of laws enacted by the current administration at the behest of Paul Volker. Without Wall Street skimming billions a day off the market and then front running 401K money stocks acted as they were designed to act -- stock indices were not designed to go down

All in all these three powerful reasons are not about to change. To quote Warren Buffet, "Our approach is very much profiting from lack of change rather than from change”.

What a fool will never realize is it's a bad idea to bet against human progress...the market is immortal