Every bear and bull is talking about this triangle pattern and how it is going to break to the upside. I’m not so sure. I think its going to break to the downside and trap allot of bulls.
He really gets thrown for a loop by the HFTs, but otherwise has a very credible and basic analysis technique. I used to think he was a permabull, but is rightly bearish now.
It’ll have to be a big surprise. As long as the euro drops before market hours and rises during market hours, the bots don’t care and will keep buying. I think the reason the bots were on overdrive, banging the market every 30 minutes today, was retribution for the MMs slamming them yesterday. 6th graders run this market. 6th graders with a lot of money.
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Every bear and bull is talking about this triangle pattern and how it is going to break to the upside. I’m not so sure. I think its going to break to the downside and trap allot of bulls.
I’m processing a new video now and should have it up within an hour.
A lot of PUMPing can be done in 11 hours. I’ll believe it when I see it.
Crash is here?
Here’s another chartist I check once in a while:
http://www.youtube.com/user/oldschoolchartist
He really gets thrown for a loop by the HFTs, but otherwise has a very credible and basic analysis technique. I used to think he was a permabull, but is rightly bearish now.
All, remember VIX options expire tomorrow.
It’ll have to be a big surprise. As long as the euro drops before market hours and rises during market hours, the bots don’t care and will keep buying. I think the reason the bots were on overdrive, banging the market every 30 minutes today, was retribution for the MMs slamming them yesterday. 6th graders run this market. 6th graders with a lot of money.
Of course…it won’t affect the stock market in the slightest.
remember the fake book said retail sales up (aka gas sales), so pump it up, so people pay high price and fake book says again retail sales up