Bullish or bearish I know not, but one thing I know is, the NAZ chart looks very bullish to me. Seems that we are consolidate near the highs for another explosion to the upside. Too bad I am too high in cash, waiting IN VAIN for a meaningful pullback. I mentioned several times that I had grave doubt that 1200 would be reached on the pull back, I was more rooted for a 1350/1300 area. Even that is NOT attainable right now.
To make things worse, I had a huge haircut capitulation yesterday on that f.ed up OMG POS!!!
I suspect that NAZ will be much higher by Jan. Am I bullish long term? Hell no. But I tell ya, short-term this thing can explode...without me on the train of course.
Fark that OMG<nnnng>!
