Jan

27

 How beautiful are comets and ellipses.

Last May, the gravity of the 1300 for the S&P appeared to cause such comet-like swings. It reminded me of the orbits of the comet swinging around the foci of two suns. Once it topped out at 1325 on May 5th and 9th.

To see this latest orbit, start with May 9th and make the time axis five months out to October 9th by subtracting one trading day for each day after 10/9 the S&P away.

Of course there are many problems with this visual view. One was that the S&P bottomed on June 13 at 1223. It did not swing below 1200 before making the current run above 1400.

Let us hope that making it 40+ points above the gravity of 1400 is not another such swing.


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