ADJUSTED MONETARY BASE CLICK FOR LINK.
level is DEAD ON JAN high, so NO growth since then. DEAD ON the lows from that peak.. WILL JAN look like 2006 with a meteoric VAULT? ANY further decline destroys a multi yr if not decade pattern of yr/yr higher highs!!!!
MARGIN DEBT LEVELS APPROACHING 2000 levels!!! 1,3 and 6 month/month RECORDS for increase.
THIS market is HIGHLY LEVEREDGED for GAINS!!!!!! as was or more so than in 2000 !!!
I say some kind of top appears first 2 weeks of JAN, then MIGHT pay off to be short term......short........will be very interesting going forward.
2007 is a year after mid term elections, known to be bullish.
D
Monday, January 01, 2007
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1 comment:
If you figure this market in REAL MONEY (gold) it is lower than in 2000, in fact hasn't rallied much at all.
D
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