It’s A Fool’s Rally
Posted by Steve on 13 December, 2011
16 Comments
This item was filled under [ Stock Charts ]
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16 Comments on “It’s A Fool’s Rally”
@nocsm1 … only problem? is people have loaned up their ears, especially for their homes =P
@nocsm1 Ive been putting small short positions since last Friday, but look at the last 3 days, dejavu on the Dow, looks like March/April again, small and gradual steps up by the bulls. The bulls are currently jabbing the bears, while the bears is waiting to land that? big right hand. Monday will be a huge tell.
basel III and china? cpi over weekend
One question TA doesn’t answer is: who is buying or keeping these stocks afloat? It does seem that shorting is unamerican. Keeping stocks in an uptrend is perhaps the last piece of? artificial confidence they can pump into the US economy.
good? video
I see a huge triangle developing upwards. Connect tops May 12, August 9, and bottoms July 1, August 31 with rays. Add some rigged data from markets and none can say for sure that triangle will break to the upside or? downside.
@TheEarthGerm It is interesting… also there are record outflows from mutual? funds. The last thing the market needs is for everyone to want cash instead of stocks. Plus, don’t forget that Japan is going to weaken the Yen, so look out for a stronger dollar. Currency devaluations are so much fun. Christian, can you do an analysis on the US dollar?
@fritzbaxter1a1? You’re welcome
I? read an article this morning on Zerohedge stating that the Fed is going to purposely “keep” the market up for the next few weeks or all the way until the elections. Rather interesting.
The volume is weak on this rally as you stated, and the excuse of this being the? summer doldrums has passed. This October could be interesting (if not sooner).
Thanks for all? the new videos Christian!
Chris last name SHORTenson ?
hi christian, great vids.
Question, do you recommend any of? the ultra shorts or are they scams. i always get a warning from my broker when i try to buy them. (SRS, FAZ, DXD) etc. it seems to easy to make a good kill off of these in the coming weeks.
thnx for your help
pvi? is showing around a 30% lower price movement expectation for s&p 500
@idonotneedanidforyou Yes, it takes youtube a bit to finish processing the video before? it clears up.
Oh no. It cleared? up.