U.F.O.
New Swing Trade Moving
Started by
U.F.O.
, Nov 12 2009 11:55 PM
1 reply to this topic
#1
Posted 12 November 2009 - 11:55 PM
My interpretation of RSquared (R2) right here? Close to something big. I wouldn't be at all surprised to see the market reload and do a little sideways, running correction...pick up some more strength and take off on another leg higher in price. This liquidity driven monster still has one overpowering attribute going for it...and that is? Liquidity. Gobs and gobs of liquidity. FED keeps rates at 0% for 6 more months...we continue to rally. When the FED, historically, takes it's foot off the gas and starts to tighten credit, the market doesn't roll over immediately. Somewhere between rate hike #3 and #5 is where a top usually gets the flag planted. Anecdotal, I know, but this is how I remember other endings. It's the market's job to make us think otherwise. This is the beginning of the point in time where top-pickers get mauled. We'll be given the opportunity to short every rally presented over the next several months until there is no more rally left to short. I'm flat the market right now and do think a pullback is equally likely. (1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~










