Tuesday, December 20, 2011

Rabbit, Run

“You do things and do things and nobody really has a clue.”
John UpdikeRabbit, Run

Here is an intraday chart of the SPX analog I have been following since last week. 

I believe it speaks for itself. 

Considering where we are positioned on the calendar with the majority of money managers underperforming the indices by a wide margin - the prospects of a massive squeeze into the New Year is a very real possibility. 

Underperforming the indices by 10%, rather than 5% is all the motivation they will need to blindly chase the market here.