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
Unquestionably, the US (and world) indexes are outright bullish on the short, mid, and long term cycles.
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
*next main post, late Saturday, on the World monthly indexes