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Hi Gary. Nice chart. Q: if it bounces there, would you be a buyer, given how oversold the monthly chart is, plus given how QE is nearing it’s end – i.e. no more new money entering the markets? I mean, aren’t we in the 11th hour how, so it’s best to stand down now, type thinking? What are cycles telling you about the S&P – the intermediate cycles? Thanks Gary.
oops – typo – means “given how OVERBOUGHT the monthly $SPX chart is” – sorry
I’m always a buyer at intermediate bottoms. That when the big quick money is made.
I hope you are right, because I am all in!