cyclic's - letting the madness out thursday, page-36

Stock market analysis is a cruel game isn’t it. Yesterday seemed to be just about pushing the bulls to the end of their stress levels (well it did to this one) while letting the bears really fly high and boy weren’t they flying. So what happens – the Dow rallies OVER FOUR HUNDRED POINTS. Only two days ago I gave a first target on the SPX of 1240 to 1250 and it is already in that box!! Those buy signals on the TD Sequential Indicator worked a treat.

No doubt gold had a bit of an inkling yesterday of the news that was coming as it certainly was stronger during our trading time. And did you all see the close in copper. Wow. That is really a good sign for the Aussie market.

So now we are back to looking at the yummy head and shoulders bottom pattern in our index. Again I repeat that if it all pans out – I admit that there are still a few hurdles to jump over - it takes our market back up around the year’s highs.

Oh – and we saw that “never-ever” 12000 on the Dow again!!