Saturday, February 18, 2012

Daily Percentage Based Point & Figure Analysis - 2/17/2012

The S&P is within 1% of breaking multi-year highs. With Greece needing a win before the end of March, which it'll likely get in the form of another kick-the-can fiscal procedure shortly, I'd expect a significant break upward for the S&P similar to the set up seen already in the NASDAQ.
Meanwhile, both the DOW and NASDAQ have broken through to multi-year highs, with the NASDAQ up substantially over its April - June 2011 levels.

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