Are the markets ever going to be allowed to fall ? The sell setup on the CAC was textbook Gann,with a high on the March time cycles and a gap down break of a triple bottom.In any normal market this would have led to a decent fast move down....We have seen this sort of thing too many times now to believe it is anything other than blatant manipulation....eg FTSE in November,SPX in summer 2011
I feel your frustration. It is the same as mine. ;-)
ReplyDeleteIt seems that at every critical juncture since 2009, just when things look like they're breaking down there's always a magical recovery almost as if the tooth fairy really existed. I have no doubt that it is blatant manipulation. And now we have confirmation! http://www.zerohedge.com/news/2013-04-25/central-banks-join-herd-openly-buying-stocks-record-amounts
But the time will come when even they are overwhelmed. (I posted some updated cycle work in my latest post that might be of help with the timing aspect of the issue.)