Well Well Well

What a difference the last week of the year makes !
This sector is Not often dull , but it was for the last few weeks and looked like it would remain in a coma
until year’s end ( tomorrow) . But a funny thing happened on the way to sleep.

A Huge rally out of nowhere with large volume considering this is the lowest volume time of year.

Now this could be :

A…a short covering rally / book squaring rally as shorts book profits . It cannot be ruled out. Short Cover rallies are ferocious beasts lasting usually a short time ( days to a week)…especially from such a severe oversold and sentiment extreme. There is good reason to believe this is the case ….Caution !!
Jordan , Rambus , Myself and others here are in this camp. But willing to declare the Bull is alive , if certain parameters are met.

OR

B…The Bottom of this first correction in a new Bull which began in January 2016.
….The Fearless Vulcan Spock is in this camp . He shows some dynamic cycles showing a bottom of significance here
…(The Spock Rocks are up 10 to 25% this week)
…Norvast has his own Gann and Triangulation cycles confirming,
….Surf the Cycles Master also sees great potential this is a yearly cycle Low .
….Graddy has been steadfast .

Which side are you on ?

1…Getting excited about another great short
2…Patiently watching the wild beasts
3…Putting the spare powder to work now

……………………………….

For PM Stock Affectionados (The vast majority of readers and posters here are in this Group)

This is what your year looked like .

…In a nut shell …

First half of the year was a shocking powerful relentless rally from THE most oversold sector maybe in History
After a Brief Mid Summer Pause…this was followed by a shockingly powerful crash for the last half of the year
Finishing now in week 52 with a powerful rally of some note !

Your yearly results depended entirely on where you bought and where you sold / or didn’t on this chart .

This IS addicting !