Those SPX Highs are gonna be tested (part 2)
#51
Posted 28 March 2013 - 03:17 PM
Closed at the high...
Can't touch it yet...
Futures closing with a woody too here.
We gonna live in INTERESTING Times next week...
I gonna get a leeetle rope and tie this big baddasss anvil to our feathered flying friend here...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#52
Posted 28 March 2013 - 03:52 PM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#53
Posted 28 March 2013 - 03:56 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#54
Posted 28 March 2013 - 11:43 PM
Eventually those highs are going to be tested and blown through to the upside.
After that, there will be no overhead resistance.
And the economy will soon embark on the greatest boom in recent history, thanks to a 1.86% 10-yr. yields, low commodity prices, and an accomodating and masterful fed.
We should all be happy since the markets are now telling us of a glorious period of prosperity lies right in front of us.
AGREED
#55
Posted 29 March 2013 - 12:17 AM
Hilarious how certain Fed haters like Marc Faber and Jim Rogers are screaming and yelling telling people to get money out.
Yet today investors are voting with their feet and buying more U.S. retail and airline stocks, piling into U.S. Treasuries, and gold is getting dumped.
You would think bank stocks would be imploding, gold would be up $75 in two days, and stocks would be slumping as trust erodes.
But the sheep are more emboldened than ever, due to the sheer brazen confidence of guys like Bernanke, Draghi, and Uncle Abe.
I use to feel a little guilty about so often taking money off of Marc, Jim along with Bill P and Peter S., etc. But then when you see them on TV losing so many others' money with their prognosis, one doesn't feel so bad about it - it can even bring a smile.
If the world didn't suck, wouldn't we all just fly off?