haspete's - someone let brutus out - wednesday, page-104

Chris, nice work on the spx. On my daily, last nights price broke out of two channels (t/l's). It also broke out falsely at the end of October but seeing it's through again I think it has more merit now imo. It also didn't complete the 76.4% up whereas the dow did (as you know). Hard charting the spx, imo over the years it's pretty clear to me the djia has the answers. In saying that maybe a push to complete the 76.4% up on the spx and then some consolidation above the blue ascending with a backtest thrown in? I put up some weekly charts a few weeks ago of various indices.. They would have looked way too bullish to most observers no doubt but they are now starting to play out. The fact that we had that recent downside bodes well for higher prices imo. Just looking at weekly inds they just seem to close to o/b to ignore them imo (ie they are within striking distance now so they may push there), the US especially (as per usual)..

spx daily with weekly stochastic

spx daily (zoomed)