We have three weekly doji stars, the SPX is hitting up against major resistance. Right now we have a major battle between the bulls and the bears on the short term. I find it hard to believe that the market can just keep on going up without some sort of correction. That correction when it comes will be a good time to load up long. In fact that correction could come quick and fast in December, last a week or two, and then we get a Santa Claus rally. With all this money printing by the FED, and with no plan to ever change course, we can expect to be in a raging bull market for the next little while. All those dollars need to find a home, and probably the best tangible assets to accumulate during any long awaited correction would be commodities like gold and oil.
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