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Sunday, June 17, 2012
Obvious IHS
"Obvious" Inverted head and shoulders breakout. Moon hasn't "worked" much since last Autumn. Thats a long time for the moon to not sync with markets, it's overdo.
The democratic election year "cycle" of spending like a drunken sailor and making big promises should result in a strong rally to year end....and it should start soon, but....I am cautious. I think we could see a 1360 to 1200 slap down in short order to get Joe6 screaming for intervention.
By the way, in the new Matrix of trading the Hal 20000 computer just get a kick out of blowing the sheesh out of trading so committed to an obvious pattern.
HEY drop a comment, sign up as a follower. Did everyone take the red pill, or what?
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Insightful and Useful Comment!