Even with different participants, the market is still market.
As I hinted last year, 2012 will be bullish bias within LT bear context. With my first official trade was another proof it will be unfold that way. They are setting up the base here (translation: creating buffer for the rest of 2012). The LT destination will be same at the end, but we traders cannot wait that long.
I was planning to cover this topic in more details, but guess I better do short post now than the never-happening detail report. It's especially true when I confuse you with my random comments these days.
In short, bullish looking range bounce is my prediction for 2012.
This is another NK injected topping process, not new bull market in terms of LT.
Expect more cheap plays along the way, but after this base building, it will be trader's market.
Nobody will be wrong and nobody will be right in 2012. AT least for the good portion of it.
Now that's about the entire year.
My comments are throwing at ST/VST moves, so save yourself from confusion.
