11am update - relentless upside

Whatever you want to call this latest Bernanke inspired rally, one thing is clear, the Fed is entirely in control..of just about everything. A mere Q & A session with the press is enough to swing the global markets by huge multi-trillion amounts. Incredible.


sp'15min

Summary

Daily charts remain extremely strong, hourly charts are strong, but the smaller 15min cycle is now due a small wave lower. At best, bears will be lucky to see 1660 this afternoon.
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*as things are, doesn't seem any point holding short, after the next 15min cycle is done by 2/3pm.

The laughable thing is that there isn't any significant QE until next Friday, and yet, bulls don't need it, so long as the Bernanke says the right thing.

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11.20am.. exiting index-short position. Am utterly tired of this. No point holding short, we ain't going back into the 1650s any time soon, are we?

mid 1700s look viable within a few weeks.

Anyone doubt sp'2000 by spring 2014? I mean, seriously, how can anyone doubt that? Thats only 20% or so higher, easily viable.