7 Feb 2012

Cannot get a whole lot higher.  We should start seeing weakness in individual stocks.  Who knows about in the Dow.  Although, it and the Nasdaq are still looking ripe for forming the house of a 3 peaks and domed house pattern.  http://thepatternsite.com/3peaksdome.html

 A small decline the past two days in the short term.

At record highs in pretty much all time frames.  A little weakness behind the scenes in the shortest term.  VIX still has some room to the downside, unfortunately for the bears.


http://marketletters.blogspot.com.au/2012/02/interesting-graph.html
Check out the above link.  Credit is usually right.  I just don't know when it will happen.  Our treasuries are still staying on their plateau despite a sell off today.

"Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size… If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders."
Ludwig von Mises (1949)