Wednesday, September 19, 2012

Charts 9-19: Quick post

Small change on the McClellan today foretells a sharp drop tomorrow, but I think we have one more rally left -- SPX 1480 area?

I was worried that the drop in the dollar might take us down to DX 72 and new all-time highs on the SPX, but now I'm not so sure.  Crude oil is reassuring -- demand destruction out of the Orient.

Looking for this to wrap up in early October.

1 of 1 of C down to 1266 by Dec FOMC

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