December 2007 had it's high near Christmas but slightly lower than the November and October High. The SP500 broke below it's 200 dma before Dec 31, 2007.

December 2008 actually carried the Oct ,Nov, Dec rally over right through to January 5th 2009.

December 2009 Hits or Squeaks out new highs around Christmas after having higher highs in October and November.

We have gone up - yes - still up from 1080 in September, 1100 October, 1115 November, 1126 December.

All that to say, The recent end of year tops have been brief once the new year rolls around. 2006 and 2007 both had nice rallies that continued  into February at least.

I've tried to create the CPC/ CPCE chart that Steve referred to. Look just above the SPX.

I owned apple once before over 200, I believe it was Christmas time 2007. I think I added to the position between Christmas and New Years on an impending announcement that they were rolling out a variety of iphones, they were going to add many countries, and it was going to the moon.

I was trading without a stop. Needless to say, January was hard.

Apple watchers love to trade into this January News convention. It is a perfect way for the hedge funds to hand the shares over to retail investors. They love this pattern.They buy back in in June/July.

It was pretty much the main reason to become a technical trader.

The top chart is Oct 2007 to March 2008.

The bottom one is current.

To all on the board, Have a very Merry Christmas..!

LSG

ANV

ELD

OSK

In his most recent work,which coincides with a lot of the other long term trend analysts, he focuses on the wealth preservation as the governments undergo significant stress.

With unemployment so high, corporate business earnings geared down, the governments have filled the interim gap. The problem is that this is the first recession without demographics working in the governments favour for helping to rise from the downturn. His main perspective was on ALL the long term and intermediate term cycles, they are all turning down late 2009  into 2010. 

While cycles are subject to error like all of technical analysis, they do help define trend peaks. Even if he missed a few cycles that might run countertrend, having the swing weight of all major cycles trending down in 2010 is pretty significant. 

Regarding the book, this is an introduction to how the governments might respond. He predicts massive layoffs from state governments to manage the deficits which restarts the cycle. His thoughts on Unemployment are 33%. While we currently sit at 17% (shadow statistics), that is still a significant step up. He may be right or wrong. But it helps me to look for signals this might be occurring. The direction is more important though.

 This is a little slideshow on CNBC. 

Sovereign debt issuers most likely to default

It is food for thought. I found it insightful. It may be wrong. But good to keep it in mind. If government has to downsize because of their cash flow, it will help us understand weakness in the overall markets. So far, everyone wants tax cuts. Unfortunately the government has already had a 50% revenue cut. 

Building a significant base.

PD/UN.TO on stockcharts

The Correlation of Euro/ Gold was around 80 %. THis appears to be breaking.

Gold is specifically trading as an inverse to the Dollar if you look at this graph.

I agree that this drop in crude is helping the airlines cost structure. I noticed the airline index is also moving aggressively higher which compliments the lower cost for refined product. I haven't found a ticker for jet fuel, but it would probably show your thesis to be true.

As Oil has been down 8 days in a row and threatening 9 this morning, we are probably looking for some respite on this move. However, as refined product demand continues to move lower due to lighter demand, the crude curve should weaken.

I have attached a graph of $GASO which leads/tracks crude perfectly. With light demand we should continue to see weakness in crude pricing, especially in the wake of a stronger US peso. (no offence intended, just humour)

Specifically to Westjet, hopefully their reservation system problems are behind them and they start to track LUV.

WJA.to seems to be breakig above the long term trendline and is also breaking out of a triple top for the last 4 weeks with a breakout above $12.12

It must be the freakin' cold weather that is pumping this stock, taking Canadians to anyplace warm.

Currently -31C this morning and Edmonton recorded the second coldest place on earth yesterday (-56C including windchill, -43C without) next to Siberia. 

US Dollar currently above 8 week closing high. Only one intraday spike above current levels.

$USD

Airline index is making new highs.

WJA.TO has put in a reservation system almost a year ago that had given them problems.

Most bugs worked out.

Chart measures about a $3 upside on a break above $11.80

Since the Dubai debt delay, The Nikkei has been the market of choice. 

Nikkei up 10% in 5 days. Blue arrow marked where the Nikkei closed today.

Interesting chart from New York Times this morning.

So much for shorting the weakest of the weak last week. OUCH!

Check out the Yen trend as well.

This isn't a blip. When the yen flips, it stays in trend for weeks or months.