JAN 8 Follow up / Quick Turns

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Well I was hoping I could use this picture again ,  what a Fast moving beauty!    : )     Actually , speaking of fast moves ,  this is an update to this mornings post.  As we watch things unfold here , and I mentioned what I was looking for, I hope you are seeing what I am seeing.

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Nothing Has Changed

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You could basically read my last few reports and get the same results.  Even though the numbers have changed and the moves are taking place, my outlook hasnt changed.

Here is yesterdays wkly chart of SPX  - we expected a move higher, but a bounce or a buy the dip recovery?

SPX JAN 6 WKLY

I thought that the markets looked a little 'different' this time, so I mentioned that it could 'fail' .  Yesterday we did have a reversal

And CNBC  had a lot of people on saying, "You just have to Buy the Dips. Its been working for years now! "  Is THAT what I mean when I say nothing has changed?...

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EXPECT PULLBACKS

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Markets dont go straight up or down

  ( yes I've seen the $USD and Oil Lately    )  Well actually,  they haven't been 100% straight up or down either. We expect Pullbacks , consolidations,  dips, etc . Even the straight up dollar move wasn't straight up , as you can see here in my Jan 2 chart, there were dips ...

$USD JAN 2  

Pullbacks  happen all the time, and the key is to examine them separately and look for opportunity. Lets discuss pullbacks ...

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