Another week.. and month of gains

Despite a touch of weakness in the closing hour, it was another weekly, and net monthly gain for the US equity indexes. Primary trend remains outright bullish, with upside to Dow 17000/500 by late spring 2014. The equity bears have another 4-6 months to wait.


sp'weekly4 - hyper-bullish, mid-term

Dow, monthly'2, rainbow

Summary

Unquestionably, the US (and world) indexes are outright bullish on the short, mid, and long term cycles.
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Santa is coming..and no doubt, there will be 'green shoots' in early 2014.

Yes..there are the debt ceiling/budgetary issues for Jan/Feb...and indeed, I'd guess there will be a minor 4-6% pull back at that time, but then, another ramp into April/May. Best guess remains..an intermediate top next spring, and then a few months of significant downside..on the order of 17/22%.

Have a good weekend

Goodnight from London
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*next main post, late Saturday, on the World monthly indexes