SPX continues on its way to NFTRH's long standing 1340-1360 upside target.
I have had to eliminate what minor bear exposure I had and look forward to evaluating again on the way to target. Bears will get excited about this daily MACD threatening to turn down, but of much more relevance is the weekly MACD, which is triggered up and now gone 0+.
I am sure perma bears will continue to find reasons why the world is ending and the new inflationary regime will not hold. Here however, we will just get it right... by looking at pictures, staying unbiased and adjusting if/as needed.
SPX can bump 1340/1360 within a little baby reversal pattern (Reverse Symmetrical Triangle), suck in the rest of the dumb monied bulls, drop to one of the supports, shake out the dummies and then continue upward or at least remain buoyant throughout 'inflationary 2012', much to the consternation of the crash cultists.
That's one scenario anyway. Don't you love the markets? People should be looking at the macro indicators and mechanics behind markets like this, and not obsess on the market itself.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I have had to eliminate what minor bear exposure I had and look forward to evaluating again on the way to target. Bears will get excited about this daily MACD threatening to turn down, but of much more relevance is the weekly MACD, which is triggered up and now gone 0+.
I am sure perma bears will continue to find reasons why the world is ending and the new inflationary regime will not hold. Here however, we will just get it right... by looking at pictures, staying unbiased and adjusting if/as needed.
SPX can bump 1340/1360 within a little baby reversal pattern (Reverse Symmetrical Triangle), suck in the rest of the dumb monied bulls, drop to one of the supports, shake out the dummies and then continue upward or at least remain buoyant throughout 'inflationary 2012', much to the consternation of the crash cultists.
That's one scenario anyway. Don't you love the markets? People should be looking at the macro indicators and mechanics behind markets like this, and not obsess on the market itself.
http://www.biiwii.blogspot.com
http://www.biiwii.com
0 comments:
Post a Comment