Sunday, December 15, 2013

Charts 12-13: Larger E-D more likely

Pullback to 1750 into 12/18 FOMC ... suggests no "taper" announcement just yet ... the tell may be that there is no press conference scheduled afterwards.  (double-checking this...)

This sets up a rally into EOY and record bonuses on Wall Street, with a wedge target here around 1850 which also gives us similar (i) and (v) waves.  Caution advised, Bradley turns have worked well through 2013, and there is a "major" one due 1/1/2014.

SPX 12-13

A new bear market can keep bonds in check for the next 18 months, until we bottom, Yellen's Fed finally loses control, and hyperinflation arrives.

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