Wednesday 2 January 2013

11am update - moonshot?

The market is now moving into a few hours of likely minor chop, before finding another higher floor. More importantly, we're seeing some massively important breaks to the upside, lead by the Rus'2000 and the Transports.


IWM,monthly



Trans, monthly2, rainbow


Summary

The doomer bears should take a long hard look at those two charts for an hour, and just consider that both indicate a possible market moonshot..beyond the dreams of the most delusional bull maniac.

As I said for all of the past year, the direction in which the tranny breaks..will be a key signal.

Today's move...is unquestionably bullish. 
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I remain on the sidelines...which frankly seems the simpler thing to do.
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:RE DISQUE

I've checked, and it seems to appear fine for me, but I'm still getting comments posted on the default blogger comments.

poster 'fulleralpha', do you have disque on block or something? Since Disque is active on these pages, anything you post on the default blogger comments will not appear.
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