sp'60min
sp'daily5
Summary
In the very near term, the key issue remains whether we have yet seen a sub'4 wave.
Very difficult to know of course, but unquestionably, the primary trend remains to the upside.
My best guess remains, we max out within the next 1-3 weeks, and then another decline to the mid sp'1550s, before massive ramp into spring 2014.
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Video from Oscar, who is naturally in a hyper-bullish mood....
I will say, I find it incredulous how Oscar talks about a 'European recovery'. Tell that to the Greeks, or the Spanish..or the....
As much as I credit Oscar with calling the market 'largely correct' for the last six years, his appreciation of the 'economic reality' leaves a lot to be desired.
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Good wishes for Monday!