Short-term weakness quickly overcome again, yet long-term trend analysis shows signs of climactic run
WYCKOFF STORY SHORT TERM WEAKNESS INTO THE END OF THE LAST WEEK NEVER MATERIALIZED INTO AN ACTUAL SIGNAL AND MARKET REMINDED US AGAIN THAT WE ARE IN A RUNAWAY MOMENTUM PHASE OF ADVANCE DEMAND IS NOW OF SPECULATIVE NATURE AND A LOT OF INSTITUTIONS ARE RIDING MOMENTUM WHICH THEY WILL ABANDON AT FAST RATE ONCE THIS MOMENTUM BUBBLE BURST ONE-TO-ONE PROJECTION OFF THE BASE (2064 POINTS, 17 WEEKS) SUGGESTS A TOUCH OF 9500 BY JAN 27-31 BUT CLIMACTIC RUN COULD COME ON WEDNESDAY'S SIGNING OF THE TARIFF'S PHASE ONE AS "SELL ON NEWS" EVENT