A Snippet From Today's Forecast

December 9, 2013

...The strong short term/momentum cycle move on Friday pushed indices right back above their 5 day averages. The powerful recovery move is in keeping with our expectation that the recent intermediate weakness was turining out to be more of a dip than a drop - especially since the NASDAQ was a non-participant....

 

...Remember, the Santa rally has more to due with the good cheer from end of year bonuses than anything related to the holiday season, so traders have a particularly strong motivation to keep markets bullish right now....

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