Tuesday, July 17, 2012

17 July 2012

The shorter term time frames are not responding that well to the latest rally.  The composite of many time frames just crept back above its long term average.  Its ascent has been slow and steady.

The VIX still has some room to the downside which means this rally could have legs for a little longer.

The next Bradley Siderograph turning point is 28 July.  Last year's point around this time marked the S&P US debt downgrade.

If you live your life fully, you will die only once. But if you are scared of every step, fear will kill you day after day.
Paul Coelho

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