sp'daily5
GDX, daily
Summary
Daily MACD (blue bar histogram) cycle on the indexes are turning positive, and there is a viable 3-5 days more to the upside.. which will take us into the next FOMC.. when QE3 is set to be concluded.
So... sp'1950/60s look due...the only issue is do we get stuck there.
Monthly cycles are still suggestive of broader weakness...
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Video from Mr H.
The Cramer has indeed made for some truly bizarre viewing lately. A mere week ago he was effectively a doomer bear, but now.. its a 'everything is fine' mentality.
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*Kyle Bass... once one of the uber bears, coming up on clown finance TV.. ch'1 (CNBC) Bass used to have a huge following, but then he went long US real estate... many bears still not forgiven him for that sin, lol