SPX has come to the measured target area off of the broken Triangle that this blog and every other geek on the planet micro managed into mid November. Below, we have the previously noted long term support zone in and around 1120.
While I favor the bear market scenario, which good risk managers should keep front and center, there is another scenario in play that it seems nobody in their right mind is currently forecasting. That would be another Triple Bottom bull cycle into the presidential election. Could it happen? Hmmm?
If only I were not held captive to the gold-silver ratio and its implications for liquidity and the US dollar, I could find myself playing bull contrarian wiseguy.
http://www.biiwii.blogspot.com
http://www.biiwii.com
While I favor the bear market scenario, which good risk managers should keep front and center, there is another scenario in play that it seems nobody in their right mind is currently forecasting. That would be another Triple Bottom bull cycle into the presidential election. Could it happen? Hmmm?
If only I were not held captive to the gold-silver ratio and its implications for liquidity and the US dollar, I could find myself playing bull contrarian wiseguy.
http://www.biiwii.blogspot.com
http://www.biiwii.com
What is your target on the Venture Exchange? The juniors are off 50-75% each and they have been the worst sector of 2011 to invest in. Seems like the Venture is going back down to 700. That is going to bankrupt a lot of the goldbugs who thought they were doing the smart thing by investing in juniors.
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