Ftse was looking pretty bearish this morning but we ended up with a bullish hammer and I am leaning toward an advance to the 6920 area ( 2 times the bear market low) (and 1795 on the S&P)
meanwhile a good view from Trader Dan on the insanity we are enduring
http://traderdannorcini.blogspot.co.uk/2013/11/the-bubble-keeps-getting-bigger.html
"Maybe we will see 1800 in the S&P 500 before the month is out. Who knows? As a trader you have to go with the money flow and the chart but as an observer with a sense of history, you have to shake your head in both bewilderment and sadness. Bewilderment that so many otherwise intelligent individuals see nothing wrong with a near-permanent money creation scheme and sadness, that so many can be herded into something which has no rational basis other than the fact that it is going up"
and here is one of the posts in the comments section which I thought noteworthy
"These comments could have been written when the dow broke 13,000 again. when will the "collapse" come? There are no more places to stuff money. The distortions in the capital markets are unprecedented. No more money to be made in bonds. There is so much cash being generated. It is not allowed to be injected into the real economy. The Fed wants it to stay in the financial shell.
As I have been saying, the globalists are intentional in their actions. They are using the monetization as an opportunity to consolidate as much wealth as possible before war. This can go on for several more years when the new system will be introduced.
These people are not stupid, they control and lie to us. We believe they are misguided. But they are so intelligent they are getting away with stealing the world and convincing us they do not know what they are doing. We laugh at our captors.
Understand that this is being done in a very methodical fashion. We are the suckers at the poker table.
Hedge your physical, gird your loins, and be prepared for higher stock prices. This will be the final pump and dump under the current system. The globalists want the average guy in again before they bankrupt them once more. The average idiot still is not in, he lost too much last time. I guess he will be back in at Dow 20,000, having sold at Dow 8,000.
War always is the cause for the globalists' reason to redo financial systems, and war will be used once again.
History repeats over and over again, because humanity always thinks this time will be different."
(posted by Eph 6:7 )
meanwhile a good view from Trader Dan on the insanity we are enduring
http://traderdannorcini.blogspot.co.uk/2013/11/the-bubble-keeps-getting-bigger.html
"Maybe we will see 1800 in the S&P 500 before the month is out. Who knows? As a trader you have to go with the money flow and the chart but as an observer with a sense of history, you have to shake your head in both bewilderment and sadness. Bewilderment that so many otherwise intelligent individuals see nothing wrong with a near-permanent money creation scheme and sadness, that so many can be herded into something which has no rational basis other than the fact that it is going up"
and here is one of the posts in the comments section which I thought noteworthy
"These comments could have been written when the dow broke 13,000 again. when will the "collapse" come? There are no more places to stuff money. The distortions in the capital markets are unprecedented. No more money to be made in bonds. There is so much cash being generated. It is not allowed to be injected into the real economy. The Fed wants it to stay in the financial shell.
As I have been saying, the globalists are intentional in their actions. They are using the monetization as an opportunity to consolidate as much wealth as possible before war. This can go on for several more years when the new system will be introduced.
These people are not stupid, they control and lie to us. We believe they are misguided. But they are so intelligent they are getting away with stealing the world and convincing us they do not know what they are doing. We laugh at our captors.
Understand that this is being done in a very methodical fashion. We are the suckers at the poker table.
Hedge your physical, gird your loins, and be prepared for higher stock prices. This will be the final pump and dump under the current system. The globalists want the average guy in again before they bankrupt them once more. The average idiot still is not in, he lost too much last time. I guess he will be back in at Dow 20,000, having sold at Dow 8,000.
War always is the cause for the globalists' reason to redo financial systems, and war will be used once again.
History repeats over and over again, because humanity always thinks this time will be different."
(posted by Eph 6:7 )
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