All over the news is the "fiscal cliff." So if there is a cliff in front of us, what are our choices? Cross it like Wile E. Coyote, stand at the edge and look at it, or turn around. I was taught some time ago, if we are not moving forward, we are going backwards.
If you like reading charts, the S&P and NASDAQ are both forming the pattern called the "Kiss of Death" or "Kiss Goodbye". If it follows through then look out below. Coincidental timing with this Cliff?
Both of these charts show a wedge has formed, and is getting tighter and tighter. It may get exciting once she breaks in either direction, and if it doesn't, that is OK. Boring is good sometimes.
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