Hit the upper end of the triangle and gap over 1292 on monday. The fact that es & euro is overbought is immaterial. Criminal Ben will by buying $300 bil of Italy debt europeans don’t want. That’s like $300 bil QE crammed into one month. Would’t surprise me to see spx 1550 by end of Dec.
Yeah… it sure seems that way. The same cup of coffee that cost my grandfather 10 cents a hundred years ago now cost $10 at starbucks… WTF? People just don’t understand that “Inflation” is the hidden tax that the crooked gangsters do to us sheep when they keep the printing press running full speed.
And here’s the ramp! Fill in in the blank…we close at 127_?
Hit the upper end of the triangle and gap over 1292 on monday. The fact that es & euro is overbought is immaterial. Criminal Ben will by buying $300 bil of Italy debt europeans don’t want. That’s like $300 bil QE crammed into one month. Would’t surprise me to see spx 1550 by end of Dec.
BTW all bearish wedges are bullish too.
Bullish wedge on euro, which means PM ramp.
Yup, teh fed is definitely back in the market alternating between ramping es and euro.
Better?
LOL… but that one is too big, and he needs a “pink” one to bring out his true nature.
SPY Triangle : http://niftychartsandpatterns.blogspot.com/2011/11/spy-triangle-pattern.html
Ben Bernake’s favorite market tool
Yeah… it sure seems that way. The same cup of coffee that cost my grandfather 10 cents a hundred years ago now cost $10 at starbucks… WTF? People just don’t understand that “Inflation” is the hidden tax that the crooked gangsters do to us sheep when they keep the printing press running full speed.