JI
jimkane
Rep: 3,058
Posts: 33,089
Let me add, just because I said I am a major bull doesn't mean I don't think this 'bulls#%&' market couldn't be over any second, even without a shock event. It could. I'm just saying leaning on it until it breaks has been the thing to do, and I can't see that approach changing. Sure I see the weekly $SPX chart. Look at that rising wedge (or whatever you want to call it, I don't want to argue semantics and classical technical terms in here, if you care about that read this public area thread from awhile ago: http://www.mypivots.com/board/topic/4182/1/es-rising-wedge ). But, if it even breaks, it will likely, in my opinion, simply do what almost every one of these have done since Mar '09, break to the most obvious trap area and snap reverse and smoke up, just crushing the shorts into dust, as it screams to new highs for the 'bull'. Same old, same old.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know this isn't a trading post, but everyone should read this. Not that you don't know all this already...
http://theautomaticearth.com/Finance/one-inch-below-the-surface-america-youre-being-punked.html
http://theautomaticearth.com/Finance/one-inch-below-the-surface-america-youre-being-punked.html
JI
jimkane
Rep: 3,058
Posts: 33,089
Sorry to wreck the trading thread... Another 'every should read' post. Coming to a town near you...
http://www.zerohedge.com/news/2013-01-09/20-facts-about-collapse-europe-everyone-should-know
http://www.zerohedge.com/news/2013-01-09/20-facts-about-collapse-europe-everyone-should-know







