Hooper went on rampage yesterday completing UP patterns in SP,Dow, Commodity Currencies, Corn and Beans. Adjusting up to the new pattern numbers is critical today. The Corn market has been exciting as the rally played into our El Nino scenario laid out last Fall. The flooding in Texas coincided with the first Omega Block of Spring.
The breadth of the "EL Nino Rally" will stir the neo-inflationists from slumber. The real fun - selling bonds and buying corn - will come later this Summer. Until then, don't be a Bogart while Hooper drives the boat.