Charts SYSTEMS

[snootmagruder]

SPX chart:(my prediction) I'm looking for a last abc up to the top. Mid January would be a good guess as a time frame. The Fed should taper another 10 billion a month in each meeting which will increasingly take away from the artificial life support of the economy. The end of january should see a downward trend develop that will undoubtably be viewed by most as a healthy correction long overdue. A large retrace should take us back up to retest the high after a hundred and fifty point drop or so. At that point later in the year I would guess the taper will be substantially more and the economic reports should start to deteriorate.
Here's a link to an article on the last GDP report and how it wasn't so good after all. http://www.businessinsider.com/real-final-sales-gdp-warning-recession-2013-12#ixzz2o279pfUy