Wednesday, July 10, 2013

10 July 2013

Short term remains elevated.  My composite indicator looks like its trying to regain its lost trend.  Will it succeed?

I pointed out this pattern a while ago and more recently in an email to friends.

If it develops correctly, it could have a target of around 95 (center price) +33 (range) = 128.  Good luck Bernanke, this is your monster.

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