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…but what about May?

You know as well as anyone the bulls face a wall in May.

We remember the sharp washout in 2010, and the initial peak in May of 2011 – to be followed by the major down wave of late July-August.

2012 and 13…completely minor moves…

So…what about this late spring/summer?

As long as these stories are all over the main stream media I wouldn’t be looking for any huge drop… http://marketsblog.usatoday.com/2014/04/02/is-a-1987-type-market-crash-37-days-away/

SC now has the SP close at 1888.77

I guess my math was off by a point yesterday so today’s high for the SP at 1893.9 minus 666.79 should be 1227.11…..that looks like a better number. The close at 1888.76 is another interesting number and today’s high has the 93 both forward and reversed.

The dollar as expected thrusted upward over and out of the triangle that has been forming the last couple of weeks. Didn’t see the news but there was ECB meeting earlier today.

SP and Dow did an interesting thing today. Made slight new intraday highs followed by negative closes with the Dow down slightly at the end. This was seen at the secondary high in double ninen. Nasdaq and Russell 2000 were battered hard today in comparison. Dow’s high was 16604? SC’s chart doesn’t show it there but close enough to 16606?

There was a minor change reading yesterday.

Copper was in the identical situation yesterday as it was back in late September 2008, bouncing up to its 50 RSI reading, beneath both its 50 and 200 day averages with the 50 beneath the 200 and the spread between the two about the same.

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Never did my Superbowl recap here but it looks like the NFL rescinded it’s stand down order for defenses playing Popgun and allowed “nature” to take its course. Of course after last year’s victor put up 34 pts and this year’s victor put up 43 maybe things weren’t so natural….??

The Superbowl with the ritualistic safety off the first play of the game to get the score to end at 8 for the Broncos as the ball was hiked over Popgun’s head.

Oh I forgot, tomorrow is 39 weeks from 7-4 or look at this 273 days later or 237years 273 days from you know when. 337 days from the other great event of the year…..

Today’s SP high 1893.17 minus 666.79===1227.38. I like that number except for the 38 unless it implies 888. Maybe SC revises it later.

Wow, I really jinxed that. The Dow should just go to 16666 now.