Have a good weekend gang. I hope you all did well today. Monday has high odds of being UP, especially in the morning. I don’t know about the close, but I wouldn’t be surprised to see a gap open and rally for several days. The daily chart looks ready to curl back up, and “could” allow for 2-3 days of an UP move.
of course the charts are correct – they almost always point UP even when they point DOWN……that is my point…. if you were one of those LONGS on the last day of the month and sell on the 1st day of the month – well THIS month you had your head handed to you!! that is a statement from the ptb….. so eat/drink/live bullish MONDAY……
Yes, but the easier path for the permabulls is up. Their mandate from the Fed, in exchange for POMO money, is to illegally manipulate the market upwards. However, like you said, time will tell. Oil & silver seem to be good, as long as the Fed illegally keeps the dollar down.
you want to continue to stoke bullish sentiment, and this is the way to do it. in the short term we have had 3 higher lows (1294.26,1302.58,1312.59) now – in a wedge type pattern. it all spells “break out” to new highs (if you are a bull). how many people are looking for a “break out” to new lows??? (present company excluded). The sentiment indicators says very few….. i would place my money AGAINST THE OVERCROWDED BULL TRADE……
i say BULL TRAP – we will find out monday and next week i am sure….
24 months of bear traps and the population is close to extinction – now bulls dominate and threaten to overwhelm the environment. nature hands the bulls now – THE BULL TRAP! the paradigm has changed.
LOL RED you gotta read this: http://www.zerohedge.com/article/egypt-baaaaaaack
Have a good weekend gang. I hope you all did well today. Monday has high odds of being UP, especially in the morning. I don’t know about the close, but I wouldn’t be surprised to see a gap open and rally for several days. The daily chart looks ready to curl back up, and “could” allow for 2-3 days of an UP move.
red,
of course the charts are correct – they almost always point UP even when they point DOWN……that is my point…. if you were one of those LONGS on the last day of the month and sell on the 1st day of the month – well THIS month you had your head handed to you!! that is a statement from the ptb….. so eat/drink/live bullish MONDAY……
Yes, but the easier path for the permabulls is up. Their mandate from the Fed, in exchange for POMO money, is to illegally manipulate the market upwards. However, like you said, time will tell. Oil & silver seem to be good, as long as the Fed illegally keeps the dollar down.
Monday should open up Richie. The short term charts are pointing up and of course it’s also “Bullish Monday”.
red,
you want to continue to stoke bullish sentiment, and this is the way to do it. in the short term we have had 3 higher lows (1294.26,1302.58,1312.59) now – in a wedge type pattern. it all spells “break out” to new highs (if you are a bull). how many people are looking for a “break out” to new lows??? (present company excluded). The sentiment indicators says very few….. i would place my money AGAINST THE OVERCROWDED BULL TRADE……
i say BULL TRAP – we will find out monday and next week i am sure….
24 months of bear traps and the population is close to extinction – now bulls dominate and threaten to overwhelm the environment. nature hands the bulls now – THE BULL TRAP! the paradigm has changed.
I don’t know Richie… it was probably a bear trap today. Who knows for Monday?
how about bear trap ?
two words red – “BULL TRAP” ….. i smell the bull from here!