Thursday, January 19, 2012

NDX100 leads the charge higher........

NDX Daily: 01/18/12
"So much for the non-confirmation!"
Having said that, the NDX is quite a ways from the 50/200SMAs and the 'close @ highs' could be exhaustion.

If the rally is on a 'bigger fire truck' being ordered by the IMF, well then the fire must be bigger than thought, at least that's what the World Bank was saying, huh?

Look out the window and you'll see the BALTIC FREIGHT nearly @ impact, now @ 926, down from 1624 end of 2011. If that's bullish, blimey!