The collision of global markets and social mood

Wednesday, December 11, 2013

Short Post, But Still Long

Very short blog today because Google wouldn't let me "in" without adding more personal information to my account, so I had to go in through the back door. All this took extra time. Specifically wanting a mobile phone number is creepy. Don't be evil, Google, or I'll leave, even if I'm just "Marz Bonfire."

I still hold the view that it's right to be long the S&P. It has yet to make a 38% retracement but could do so today at 1799.

1796.36 remains the stop for the impulsive scenario to new highs. Below it could create a more complex pattern, or suggest that a high (or the high) is in. I'm not in that camp yet.

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