8 May 2013

Chuggin' along...  The SPX doesn't seem to care, and China putting out Fraudulent data.  For cycle and technical analysts these things don't really matter much.  Margin debt through the roof, and Hedge funds are pissed with the BERNAK and all Markets can do is SKY ROCKET.  Tomorrow is May 9th.  We are expecting a reaction and for me that would mean down since we have been pushing hard for a week now since May 2nd bottom.

Mid-Term:UP
Short-Term: UP