Charts SYSTEMS

[gdl]

Last employment report cause futures to drop until the open when it reversed big time. this time around a big number will keep the market lower. taper and higher rates and employment costs will cause concern. it should only be temporary since an improved economic picture is initially positive for earnings acceleration. it also means the end game is that much closer.

I differ from North in that I believe we hit 1900 before any real bear market is seen. In fact I wouldn't be surprised if we see 2000 in next 3 months. It's a crap shoot so late in the game. I wouldn't be holding those longs for the whole year and feel safe about it. In fact I keep looking to see signs that a top is in so i can see a nasty reversal of some 20 percent. My timeline for the lows on the next bear market, assuming we get one, is by October of 2014.