new year new thread, page-11

Yes, I'm a bottom man also.

Speaking of bottoms, I've attached a few charts for today's sp.
A Long term view, a close-up view and a bunch of standard indicators.

And it certainly looks like 7.9c is the bottom.
Admittedly it's very early days, but I do like the look of the current uptrend, which is immediately facing a test of the longer term down trend and the top Bollinger Band.

I'm going out on a limb here, but I wouldn't be surprised at all to see a continued move up in the next several days into the early teens (11 12c) before retracing to retest 10c.

For me it's not time to be taking money off the table, but to be accumulating and doubling-up, instead of doubling down.
And for those that have opted out, it's time to start looking closely at re-entry points, as CM8 at the current sp looks to have a lot more room/potential top-side for sp expansion v's downside risk.

I just hope that I haven't jinxed the sp.