2013 Recurring Nightmare For The Bears

By Lawrence

First trading day of the year marked by red arrow and December month high marked by red horizontal line.

Back in 2012:

ES 1M Hist_20130102_153624

 

And now 2013:

ES 1M_20130102_154110

 

As stated in previous piece, 2012 Year End Deja Vu, that gap from 2011 was never filled. It is a first for such gap to not fill within the year over past 100 years.

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Comments
  • mel January 2, 2013 at 9:05 pm

    Will it ever not be filled? hmmm….

  • Lawrence Chan January 7, 2013 at 9:54 am

    Longer term cycle suggests that we are seeing a cycle top in the making.
    Already mentioned that in MBO newsletter.

    So these gaps will eventually be taken care of, maybe later this year if the one from the current year is defended for now.

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