It’s funny – how completely “obvious” so much of this appears when you’re looking in the rear view mirror. In retrospect you can pull up any number of charts, asset classes etc….then “layer in” the seasonal aspects (with Christmas now in full swing) add a sprinkle of “news” and a dash of some “good data” and there you have it.
Uncanny.Complete and total bliss.Right on cue.
Literally. Right down to the second on a lazy Friday morning, days before Santa comes to town – the news is good, the data is good, the stock market is higher – and you’re feeling pretty damn good about everything.
And so you should.
Considering the amount of poverty and hardship in the world today ( considering the things “I see” everyday ) we should all be so lucky, as to have what we have…..however temporary.
- We’ve got the Nikkei double top at 16,000.
- We’ve got “gold double bottom” at 1179.00/1199.00
- We’ve got U.S equities at all time highs.
- We’ve got the last remaining days of 2013.
We’ve got USD rolling over and “back in the red”. Huh? – Kong…..again do you know something we don’t?
As if it was almost choreographed to the second, a number of these correlations and levels appear absolutely “blatant” – when looking backwards. Why didn’t I wait for the retest in gold? Now I see Nikkei double top area as resistance…..Damn I forgot about seasonality….etc…etc…
In any case…..it always looks easy when we’re looking in the rear view mirror.
I wish all of you the very best this Christmas season, and encourage you to take advantage of every single minute with family and friends.
Despite the up’s n downs of financial markets we can’t lose sight of the fact that – “it’s a game…..that we the fortunate – have the privilege of playing”.