I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Monday, August 29, 2011

August 29

Indicator picture still looks good (and quite positive from the move today) on my 60-min Cycle Chart. However we are still in the price range of the last couple of weeks. We really need to see a strong breakout above 1210 for this move to gain some legs. But the trend is still up, so I am still long.
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