The stock market ends the year with a Ho-Hum and a Sigh. No fireworks, No Booms, No Bangs. But the charts still favor the Bulls. The DIA daily and weekly charts are below and annotated for your reading amusement. We ended the year slightly above my predicted 12,000 with the DJ-30 at 12,217. (Applause and cheers please!) That's UP from last years close of 11,577. Yes, I know, the press is playing up the SPY clsoing even. It makes for a better sound bite, eh?
Damned pundits,
And talking heads.
Still yakking away,
When they should be in bed.
As we await the new trading year let me wish you all a very Happy New Year filled with profits and void of pundits and fools. Click the link below as you read the annotated charts and enjoy a drink with me.
http://www.youtube.com/watch?v=acxnmaVTlZA
Momentum - went home
Trend - Sideways while awaiting the Bull to begin his trek for 2012
No comments:
Post a Comment