POMO Update

I’ve got nothing new and intelligent to say about this tape – as suspected we are in mid-summer chop suey mode. Remember to wear the proper spectacles when looking at your charts:

I’m actually not sure they are in 3D – based on personal experiences in Los Angeles. Hey, if Colbert gets to be politically incorrect – so do I. My apologies in advance to any Asian readers (here go half of my subs). To my defense – I am really into skinny Asian girls – does that help my case?

Anyway, I’m not completely useless however and have produced an updated POMO chart, which is crucial information whether or you are on the bearish, bullish, or free thinking side. Sorry, only for the subs – at least for now:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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That’s quite a change from two months ago when I last posted an update on this. As you can see the trickling out of QE2 is starting to kick in and the rolling total has now dropped to the half-way point. The spike up last week however makes the point I have been making all along – we need to see a complete reversion to the zero mark before the bears truly may get their day. And that’ll take more time – I think August/September is when we may start to see some real fireworks, until then it’s chop chop chop until we drop.

Cheers,

Mole
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