It is now quite obvious the SPX has no clothes.

When the Euro Tide retreated (dollar rise) it clearly exposed the flab after a bloated 13 fibo months.

I will venture to say that the inverse directional correlation with the dollar will be in place from here on for quite sometime. In fact it is already on since about 3 weeks ago.

After it retests and exceeds the lows and the dollar exceeds the previous 2009 high. We will then have a recovery in the indices proportional to the actual inflation that might develop. But this inflation will likeley be held back a bit as the ensuing depression runs its course over the next half decade.

GS.

When the Euro Tide retreated (dollar rise) it clearly exposed the flab after a bloated 13 fibo months.

I will venture to say that the inverse directional correlation with the dollar will be in place from here on for quite sometime. In fact it is already on since about 3 weeks ago.

After it retests and exceeds the lows and the dollar exceeds the previous 2009 high. We will then have a recovery in the indices proportional to the actual inflation that might develop. But this inflation will likeley be held back a bit as the ensuing depression runs its course over the next half decade.

GS.

Decision Point's 20/50 EMA crossover just occurred, which usually confirms an intermediate bear (although last time that happened it was fake-out marking the Feb low.....we'll see what the crossover means this time; I'm short).