Here is yet another chart that supports the views of the bullish lunatic fringe. The 14966 target is one that I’ve already identified in the cash Dow, but the futures’ daily chart yields an even clearer picture. Consolidation above p (the red line) is unmistakable and implies that the target is very likely to be achieved. That said, we have no clear indication as yet concerning how long the correction will last, or how deep it might go. Camo traders can position from either side using the hourly chart, since false signals in both directions have been occurring more or less regularly.
