Most bears, who don’t hedge well, have long lost all thier money by now and we still grind higher By the time they actually win, the reward will likely be mch smaller then what they have lost
That’s why I don’t stress shorts as much anymore. It’s not worth it. Bull runs are much slowe, and last much longer. Making them A lot more cinsistently profitable
Market crash canceled. Main Stream Media is putting out stories about the 1929 crash and chart comparisons, and since they always mis-lead the sheep in the wrong direction we have to now start looking for bullish setups.
So any down moves will be done to work off overbought short term charts and we should then resume the up move. Truly said how well they can manipulate the charts (and the sheep), but unless we have changed some how and the truth is now allowed in the main stream media I’ll have to continue to assume that every story is still put out to mis-direct us.
Chop, chop, chop, chop… when will the tree fall down? Thursday maybe? How about Friday? Or will it be next week? A weekly close below 1788 area is all the bears need to take down the bulls. Some how I think we will stay above that level this week and leave us guessing for next week. But in the next day or so I do expect some selling.
ES update: http://niftychartsandpatterns.blogspot.in/2014/02/es-chart-analysis.html
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Most bears, who don’t hedge well, have long lost all thier money by now and we still grind higher By the time they actually win, the reward will likely be mch smaller then what they have lost
That’s why I don’t stress shorts as much anymore. It’s not worth it. Bull runs are much slowe, and last much longer. Making them A lot more cinsistently profitable
Market crash canceled. Main Stream Media is putting out stories about the 1929 crash and chart comparisons, and since they always mis-lead the sheep in the wrong direction we have to now start looking for bullish setups.
http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11
So any down moves will be done to work off overbought short term charts and we should then resume the up move. Truly said how well they can manipulate the charts (and the sheep), but unless we have changed some how and the truth is now allowed in the main stream media I’ll have to continue to assume that every story is still put out to mis-direct us.
Chop, chop, chop, chop… when will the tree fall down? Thursday maybe? How about Friday? Or will it be next week? A weekly close below 1788 area is all the bears need to take down the bulls. Some how I think we will stay above that level this week and leave us guessing for next week. But in the next day or so I do expect some selling.
If you got short before Yellen yesterday, your options are hurting
ES Charts: http://niftychartsandpatterns.blogspot.in/2014/02/s-500-futures-before-opening-bell.html
Silver Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/02/silver-near-range-top.html