Thursday, 26 December 2013

3pm update - closing hour gains

Equity indexes have seen a further micro wave to the upside, and we're in the sp'1840s, with the Dow 16500s likely by the Friday close. The bigger weekly/monthly cycles have been warning of these year end levels...since the early summer.


Dow'weekly


Summary

With the VIX slipping into the 11s, and sp'1840s..what else is there to say?

Its not like there wasn't ample warning of this.

Since the June low of sp'1560s, the bigger cycles have been offering rather clear price action and even clearer price structure.

The Dow had a six month giant bull flag.....

Hell, how could you not complete the rest of the sentence by now?
--

yours

Tired of watching the bearish idiots still tout their nonsense.