New Board for Comments – 12.22.14

Michael Murphy
2015-01-16
22
Dec 14

As we go into the slow holiday week, the S&P 500 will probably hang around current levels. The daily fractal dimension is up to 48 and climbing as the market consolidates. The short-term is up to 60, and can start a brief downtrend at any time.

Gold also is marking time at the 38.2$ retracement level around $1,193.

141219_3_dec22g_D

Bitcoin has most likely put in its Month #45 low, and should start to rise at an accelerating rate. I don’t know what the specific catalyst will be, but the Month #45 low is when the exponential rise to Month #64 begins.

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