tag:blogger.com,1999:blog-547276048038789798.post7230175959131444072..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 02-28: A good startchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-547276048038789798.post-78635166890638371902013-03-01T13:13:08.649-08:002013-03-01T13:13:08.649-08:00The market wants to go higher for now, take out th...The market wants to go higher for now, take out the all-time high on the Dow, pat itself on the back for buying on margin. The bounce off 1500 this morning spoke volumes.<br /><br />We will take out the wedge to the upside, providing yet another opportunity for short-term bear capitulation. Wait until the Italian parliament convenes in 3 weeks. The intermediate-term sell signal has been activated, oil is already forecasting demand erosion, but equities are always the last to get the message. Equities are the foam on the wave. Keep watching Italian 10-year yields and the USDJPY cross. As long as the yen is being sold, the market levitates. Meanwhile, enjoy the breakout to the upside. Sandorhttps://www.blogger.com/profile/14652699458072115385noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-1171330577337863372013-02-28T23:59:46.281-08:002013-02-28T23:59:46.281-08:00Hi,
IMHO it'll be violated a pretty violent w...Hi,<br /><br />IMHO it'll be violated a pretty violent way, within a week or two. <br /><br />With the wedge intact there would be too much doubt on the market about the continuing bullishness.<br /><br />Otherwise, maybe that last upward run from 1485 to 1525 is a nice map for us to extend and follow.<br /><br />bmihoghhttps://www.blogger.com/profile/09038212070247372948noreply@blogger.com