First off, welcome back. We definitely missed your presence. :-)
I am leaning towards the beginning of the end. But again, how often have we seen all this show being put up that everything is fine. I mean, without going too much into macro-economics, we are currently at 23 high on unemployment and over 2 years of consecutive week-over-week increase in food-stamps. Need to say more???
Technically too, there are too many evidences that we will drop dead tomorrow. Let's see if they actually play out or not...
Thanks again for all your hard work. Let the games begin. :-)
This whole week, TRIN has been above 1.5 all day long (except one day), yet market closes higher or reverses a 100 point loss??? This clearly tells, that the breadth was negative and everyone was literally selling. Yet market kept going up because of the liquidity. I mean, you just pump up ES and everything automagically goes up???
As they say, 'all good things must come to an end'. The end will be disastrous.
First off, welcome back. We definitely missed your presence. :-)
ReplyDeleteI am leaning towards the beginning of the end. But again, how often have we seen all this show being put up that everything is fine. I mean, without going too much into macro-economics, we are currently at 23 high on unemployment and over 2 years of consecutive week-over-week increase in food-stamps. Need to say more???
Technically too, there are too many evidences that we will drop dead tomorrow. Let's see if they actually play out or not...
Thanks again for all your hard work. Let the games begin. :-)
Jason
Today's action really beats me...
ReplyDeleteThis whole week, TRIN has been above 1.5 all day long (except one day), yet market closes higher or reverses a 100 point loss??? This clearly tells, that the breadth was negative and everyone was literally selling. Yet market kept going up because of the liquidity. I mean, you just pump up ES and everything automagically goes up???
As they say, 'all good things must come to an end'. The end will be disastrous.
Have a good weekend all.