GG:Back with my same SPXWeekly Chart(drawm sometime in July i think), which has been my decider: i had said a breakdown of 17ema below the 43ema weekly would be a Huge Victory for Bears, but Lo And Behold! at point of getting to JUST 00.25 points above the 43ema the market erupted upwards--coincidence--NOT A CHANCE--so looking at this chart since that near death experience the TA on SPX WEEKLY is getting stronger and stronger--17ema now 6.xx points above the 43ema, with Bullish curl.
This week i see as preparation to take out the next key point 1148.
Myth #1,the polled to be 80% republican WS would thus like market downing into election to hurt Democrats at election--that is Myth, WS HATES uncertainty, and thy are COMFORTABLE with what the got in Obama and Bernanke--WS desire to maintain the Money Pump Pump Pump Pumper, period---thus they don't want to hurt Obama, as he is right in line with Bush who was right in line with Clinton in terms of being owned by WS.(i remind , i belong to no party, and do NOT vote, period)
Break 1148 next week, and run to for new highs i see in the works.
Bottomline this chart has turned BULLISH, look at the MACD, to name just one factor. Max
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