see your point, but if i was trading fundamentally now, I would never be long
Inflation data was poor, bernanke talked about rate hikes yesterday (did anybody notice) and still keep on having write downs
martin armstrong expected low late in march
high energy astro date on feb 27, similar to aug 15 and jan 22
so really this tells me to be short
but i would not like being short, if this thing moves up to at least 1368 from here
so i guess it depends which time frame one looks at
Maybe we go up to 1360 tomorrow, what do I know
I think both bulls and bears are uncertain, so this is really a question of path of least resistance
with several long term indicators (ema crosses, monthly cci) showing a sell signal, the path should be down
but this market has surprised me a lot, so too soon to call this
If we do not get above 1368 next week, I think we have started the next move down, which should last 30-45 days
If we get above 1368 next week (or tomorrow), then i think we will continue up until march 10
with that much time buyers could definitely make something happen pricewise
