- WE'RE JUST RANDOM SPECKS OF DUST IN A TORNADO TO THE MARKETS .......
- CHARTISTS MUST PUT ALL BIAS ASIDE AND LET THE CHARTS DO THE TALKING OR WE'LL SEE ONLY WHAT WE WANT TO SEE
- This blog has a copy of all header posts that I publish anywhere, so that those interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
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- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.

Monday, 2 December 2013

Looking Down

I've been in Dubai over the holiday weekend and this morning I was taking this photograph from the observation deck on the 124th Floor of the Burj Khalifa (Khalifa Tower), which is the world's tallest building. There was quite a view and this was my favorite photo in part because the sun was behind and you can see the shadow of the tower cast over the comparatively tiny structures below:
SPX too is looking a bit toppy this morning and the late plunge on Friday has me expecting that we will see more weakness this week. The areas that I will be watching today are the possible H&S neckline at 1800 and rising support from 1746, currently at 1797. Until the latter is broken I am expecting to see retracement this week but won't be taking it for granted. SPX 60min chart:
I'm flying back tomorrow and normal service will resume on Wednesday morning.
Posted by Springheel Jack at 09:13
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