Thursday, January 24, 2013

And if it's over

Then this is how the 2007-2009 tape would fit a potential top here at ~1501.

Yes, the 3rd wave "waterfall" bounces right at SPX 666.

SPX 4Y with 2007-2009 tape projected

3 comments:

Permabear Doomster said...

I like your use of the fractal/analogy, but really..

its different from then.

The Fed is printing.
The JCB is printing
The BoE is printing.

Asset prices are going UP.

They reflation is here..and we're seeing it accelerate.

If the economy weaknes..they'll just print more.

Christian Gustafson said...

I wonder if we can touch the SPX 1471 today?

bmihogh said...

Not sure, not sure... It would be too simple, some shorts out there are still standing.

There is room right enough left in this month for a final, frenzied push, maybe from 460 to 550. Or so.