NYSI cleanly shows the key market moves since Autumn. The September top, mid-November bottom, then mid-Decmeber top where the market selling began on fiscal cliff worry. The market selling continued through Christmas and then the politicians provided a minimalist solution as the new year began, but traders love the can-kicking mentality and markets took off like a rocket during January. Now, not so much. Back at the September top, price moved sideways for a few weeks before rolling over, note the slight hump as October begins. The current top occurred a couple weeks ago or so. Well, what do you think is going to happen? On a side note, with the sequestration only 16 days away (12 trading days), this is at about the same juncture as markets were at just before the fiscal cliff deadline in December. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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