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

Tuesday, October 16, 2012

Oct 16

Man, the last month has been gut-wrenching for both bulls and bears. Crazy reversals with spike tops and bottoms on little to no divergence. But with yesterday's reversal at a key support level (and retest of the March high which now looks like some strong support) and a gap and run up today, I think the correction is over. Here are my thoughts:

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