Tuesday, October 22, 2013

RIG does a jig.

RIG had a big pop today occurring in concert with the S&P 500 announcement that it will be replacing Dell in that index. The trade is on.  Long term target is 200.

CAT has been on a steady rise since the last post.  I would like to point out that technical analysis can predict social/economic news as I did in my last post.  The markets are more likely to push a news story to the front page than the other way around.  But the ultimate truth is that they occur in concert.  Everything is connected.  There is no coincidence, only synchronicity.

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