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Rabbit, Run

"You do things and do things and nobody really has a clue."
~ John Updike, Rabbit, Run

Here is an intraday chart of the SPX analog I have been following since last week.

I believe it speaks for itself.

Considering where we are positioned on the calendar with the majority of money managers underperforming the indices by a wide margin - the prospects of a massive squeeze into the New Year is a very real possibility.

Underperforming the indices by 10%, rather than 5% is all the motivation they will need to blindly chase the market here.

2011 SPX Hourly
Larger Image

 

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