The last turn date was 11/14/12 which exactly identified the market bottom. The major turn in March identified a significant topping area, then the major turn in June identified the significant market bottom. Interestingly, the major turn in late July was a dud, but if you recall, this is the exact time almost to the day, when Draghi said he would support the euro by all means necessary, creating the summer time QE rally, then the markets topped in September. The next turn date is 1/20/13 so keep your eyes open from mid-January into the end of the month. For now, we are in the heat of the Bradley turn this week with the intensity ramping up into Friday. What type of excitement is in store for the markets this week? This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Funny everyones gone. No comments, no KS. You bears are all the same , always dancing on graves and silent when the you are dead wrong.
ReplyDeleteThanks for stopping by Ben! Instead of using our tax money to juice the futures, couldn't you give it to charity or something? ;-)
ReplyDeleteFutures were juiced and volatility sold because they watched the same Republican newser that I watched. It wasn't positive. The Republicans, of course, had this planned all along. And why? To get the public back on side. The House can pass a bill protecting the middle class tax cuts knowing all along that it wouldn't get through the Senate. But they tried. This will all be the Democrats' fault when it grinds to a halt next week. Meantime, there is no movement on the overall talks. And anything happening in the House this week won't help that process. I'm even more convinced a selloff is coming, reinforced by all the other indicators such as CPC. But like most of KS's fans, I'll continue to juggle bull and bear positions. (Keep posting Zig/Arnie. And Merry Christmas all.)
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