Thursday, January 10, 2013

S&P500 - After avoiding the void...

Here is the leader testing last year highs.

As a reminder, all time highs are just 5% away, and a plunge down to March 2009 would represent a move 12 times greater than the one needed to test the highs...

From an investor perspective, and for those who care about history, where is the favorable reward/risk ratio? 

Low volume and  big complacency from the players should keep price unable to sustain above 1475, but don´t be stubborn as markets can extend this rally before a major top is reached...


 

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