2011 crowded markets , page-13

US markets pushing on but everyone expecting it to continue to year end. Is that too much consensus?

BKX broke out so could add some help for a bit.

Our markets not doing anything so do we catch up?

In April we topped 15th and US not to 25th so are we seeing same?

I have a cycle on SPI with turns about 23rd of month so watch here.

US 4 months and 8 months from important turns on 25thish.

Summation turned up a bit yesterday so IF a good day up today it could invigorate and bullish percent still hanging long although a high number. Put/call turned up so normally means some correction.

Dynamics for month are SPX 1256ish and SPI 4815 so risk above those areas.

Monthly charts still look constructive and will be more so IF these levels can hold into the close of the month.

Still think a set back is close but maybe it waits till after the month finishes and then we just get a couple of weeks correction.

Happy to wait till Jan.

Holidays will play a bit of havoc. US only has Dec 24 off while we have Dec 27 and 28 and Jan 3, so we may be cautious with multiple US days open while we are closed.