Thursday 17 October 2013

12pm update - underlying trend is powerfully bullish

The main indexes have seen a very (expected) swing back to the upside, with the sp' just a few pts shy of breaking new historic highs. The weekly/monthly charts are offering 1740/50s by end Oct, and the 1800s are going to be a viable target for November.


sp'weekly8


Summary

There is little to add really. I remain tempted to launch on a major tirade against a great many of the idiots out there, who were touting an effective zombie apocalypse mere days ago.

For now..I'll hold those thoughts for another time.
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We're headed into new territory...and we'll just keep on going.
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VIX update from Mr T.



Incredible collapse in the VIX...how about VIX 10s in November?

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Bonus video for lunch... from Mr H.



Good commentary on the 'debt as a solution' lunacy.