QUICK NOTE
The 2CS is back to 65 again as on the 10th and 11th of November before the mini-spill in stocks. Also 1228 on SPX is important for several reasons, not the least of which is being at the Fibonacci 0.764 rung of the entire range from the 1982 low of 102.42 to the 2007 high of 1576.09. July's low was within 3 points/handles of the 0.618 rung of the same range.
Rising interest rates are to be expected in a Long Wave bull market and do NOT have much effect on stock prices until rates get above 6%. But every financial writer thinks rising rates will kill stocks, so their ignorance will be trumpeted around everywhere and could be a short term negative.
Also, read Pierre's note of three day's ago about Wolanchuk's CLX (special
Dow volume indicator).
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