Thursday, September 15, 2011

SPX in Real Money, Gold, and Baltic Dry

This is perhaps the clearest sign I have that things are going to appear to get better.    However, tonight I remain short NQ futures.   With RIMM blowing up, the Pollyanna panacea of Euro salvation may not be enough to overcome gravity.  But Dabama's printing presses may pick up the slack.

The inverse head and shoulders means that this indicator should continue to go up, this is a fine basing pattern, the best.

And finally, remember when everyone was harping on the Baltic Dry, well it has started sneaking upward.

No comments:

Post a Comment

Insightful and Useful Comment!