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Another One Turns...

|Includes:DIA, GLD, QQQ, SPDR S&P 500 Trust ETF (SPY)

Carl Swenlin, a respected and unbiased chartist whose work is published at has gone bull up based on a cross of the EMA 50 over the EMA 200, as happened into 2003's cyclical and inflation fueled bull. Now I know, many readers want the blogger to stop with the inflation bitching and just focus on is it a bull or is it not. Sorry, no answer yet. I am not a big believer in moving average crosses because they are fodder for the whipsaw in my opinion.

So yeh, I stick to my plan that holds this is a bear market rally until such time as I am 'turned' by the bull. If that occurs, you will hear plenty of talk here about bull markets in nominal terms vs. the more telling ratios to gold, commodities and perhaps strategic global markets.

I do not believe in perma-bearishness in a world of inflation by policy. But nor do I believe in blindly calling bull with no further discrimination or bias. I am very biased; I want to be where the REAL bull markets are.

Stocks: SPY, DIA, QQQ, GLD