Thursday, January 10, 2013

The Dragon meets The Snake

About a month ago, after hearing of Tom Demark's call on the Shanghai - I built a comparative of the SPX decline into the historic August 1982 springboard low. 
Five weeks later, it has both held the downside pivot and the steep retracement trajectory of the rally.  
And while I am skeptical of the retracement rally's sustainability - it will be another comparative added to the weekly updates.