Excellent Blog, great ideas. I'm just sicj and tired of seeing the same patterns all over the Web. For example, you go on yutube and type Market Technical analsis, and 9 out of 10 comes up with the ending diagonal or the rising wedge. So they conlcude SELL. I wonder if the average Trader joe as you say s calling for that pattern it's so ovbios it is not hoing to play out. I wouldn't be susprised if the Goldman Boys squezze the Bears again who are ovbously Ful Short at this level waiting for the next Armagedon. It's so ovbious the Trade that I bet it will play the other way round. Also the Bearish sentimen is still too high and many Fus still witing for the market to pullback to go LONG. I see 940-950 playing out befor a major etracement of this Huge rally.
Stewie, I've held some 30-yr bonds for about 4 years, now. I'm pretty frustrated at the recent action, and plan to move out of them in a few days once and for all (profitably).
As for the rising wedge, a bullish possibility is that "smart" money is playing all us independent traders out there. Thus, we might be the new "sheep"...just a thought.
You make some great points to justify a bullish trend, too. There's just so much witchcraft going on right now that it's anybody's game. You just gotta be quick or be eaten.
One final note, with respect: http://evilspeculator.com/?p=6327
3 comments:
Excellent Blog, great ideas. I'm just sicj and tired of seeing the same patterns all over the Web. For example, you go on yutube and type Market Technical analsis, and 9 out of 10 comes up with the ending diagonal or the rising wedge. So they conlcude SELL. I wonder if the average Trader joe as you say s calling for that pattern it's so ovbios it is not hoing to play out.
I wouldn't be susprised if the Goldman Boys squezze the Bears again who are ovbously Ful Short at this level waiting for the next Armagedon. It's so ovbious the Trade that I bet it will play the other way round. Also the Bearish sentimen is still too high and many Fus still witing for the market to pullback to go LONG. I see 940-950 playing out befor a major etracement of this Huge rally.
Hey, Nice blog! I'm adding you!
Peace
Stewie, I've held some 30-yr bonds for about 4 years, now. I'm pretty frustrated at the recent action, and plan to move out of them in a few days once and for all (profitably).
As for the rising wedge, a bullish possibility is that "smart" money is playing all us independent traders out there. Thus, we might be the new "sheep"...just a thought.
You make some great points to justify a bullish trend, too. There's just so much witchcraft going on right now that it's anybody's game. You just gotta be quick or be eaten.
One final note, with respect:
http://evilspeculator.com/?p=6327
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