DJI 2 hr The Dow is up over 1000 pts today, all on one innocuous inflation number. When the trend channel up from the October low breaks, that's all she wrote. Until then, all we can do is grin and bear it. Our day will come. SPX 2 hr The S&P 500 chart sets out the same pattern we have been riding down all of this year, this one stretched out one more corrective wave higher. Turn down from this Wave 2 should be brutal. Today's inflation, "save," may have forestalled the inevitable, but only by a few days.
