Wednesday, January 2, 2013

Charts 1-02: Rally through January

Congrats to Bob McHugh for nailing the bottom and turn with his 12/31 "phi mate" turn date.

This rally could last through the entire month of January, getting a bit choppy with debt ceiling negotiations, until we tag 1503 and put in a final (?) top.  

The monthly and weekly Bollingers on the SPX support  a move up to this range.

Another count could put us at 1510 or so as early as January opex.  It depends which line overhead we want to touch to finish this up.

SPX 01-02
long-term with 2007-9 cycle transposed

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