Just a quick update on my prediction last Friday. I predicted a breakout involving MEI as support drove up to meet resistance, and volatility dropped (see previous entry). Combined with past patterns a move was likely imminent .. Well, next two trading days see...
I may get into what next for MEI shortly .. or some other chart. IF THERE'S A CHART YOU WANT ME TO LOOK AT, DON'T BE AFRAID TO SUGGEST IT.
Fiscal Cliff vs SANTA
How about that fiscal cliff stuff nonsense? To me it equals media hysteria accompanied by many photos of big fat head politicians side-by-side sporting grave expressions. Can't have enough of that! Fiscal cliff vs Santa Claus rally! I'd replace more of the names in the poster but I got a bad cold, and after all when I started all I wanted to do was update MEI!