Wednesday, December 26, 2007
2007 Year in Review
So how did 2007 pan out for the Bulls and the Bears?
It was quite a volatile year, with many large swings up and down, Many crash calls this past year petered out to barely a 10% correction. overall the Bulls are on the winning side of the trade with the long term uptrend intact.
We started the year at 1418 SPX and are currently at 1492 SPX, another Up year in the Bull Market that started since 2003. It looks like a large Bull Flag or triangle, before yet another strong move higher in 2008.