Friday, January 8, 2010

DJIA - The Big Picture


Nice Head and Shoulders forming here on the Monthly DJIA. I figure there could be a month or two of topping with a fall to start in March/April. For now there are no longer term investments. I would scale into shorts or short efts for the next two weeks but watch out for a strong upswing on the "Buy the Dips". That notion is still strong and I could easily see a back and forth over the next couple of months. SPX 1160 - 1200 should be a stronghold.

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