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24/09/12
20:40
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musahi thanks for the chart.
if you take a look at the 3-4 year chart, it becomes quite clear the NWE is on an upward trajectory and today's move merely conforms to the trend.
You'll see that the length of time between upward movements is shortening and the SP is making higher highs at each upward leg and higher lows too.
The short term stuff (1-2 months) certainly looks confusing, but the longer term trend is very much in tact and pushing higher.
Higher highs, higher lows. It looks pretty simple if you just take a longer term view than the day-2-day trading.
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