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Half hour into it and the market is a weak bull like yesterday. The low volume levitation overnight can easily reverse. We have seen some recent examples of that. Everybody and their cousin knows that ES 2720 is just a matter of when not if but clearly the market isn't buying into that idea just yet. So another rough day for us trend followers.
Trades with cats wrote:Half hour into it and the market is a weak bull like yesterday. The low volume levitation overnight can easily reverse. We have seen some recent examples of that. Everybody and their cousin knows that ES 2720 is just a matter of when not if but clearly the market isn't buying into that idea just yet. So another rough day for us trend followers.
dang I didn't get the memo!
why is 2720 just a matter of time?
Educational only and not trading advice (EO&NTA) Good trading to all
Well a whole lot of people on twitter with their own web sites have been calling for it for days. So as a retail investor I have been conditioned to expect that price. Or as Jim Cramer says, buy, buy, buy. After the two legged strong overnight advance the New York session offering another nothing burger should be a source of confusion for the bulls.
On a none sarcastic note if we are in a topping process then these counter trend waves are supposed to pull the last of the bull money out of the mattress as a lack of buyers is the definition of the top. And now Goldman has added more weight to exhaustion with their announcement of no more stock buybacks in Quarter 2. We will see who follows their lead.
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Trades with cats wrote:Well a whole lot of people on twitter with their own web sites have been calling for it for days. So as a retail investor I have been conditioned to expect that price. Or as Jim Cramer says, buy, buy, buy. After the two legged strong overnight advance the New York session offering another nothing burger should be a source of confusion for the bulls.
On a none sarcastic note if we are in a topping process then these counter trend waves are supposed to pull the last of the bull money out of the mattress as a lack of buyers is the definition of the top. And now Goldman has added more weight to exhaustion with their announcement of no more stock buybacks in Quarter 2. We will see who follows their lead.
Thanks.
I'm not on twitter (and no TV) so I guess that explains why I'm so out of it.
-not a big Crammer fan.
watched Jon Stewart pull him apart -
(they had a clip of him as a fund manager speaking of his contempt for the people he took)
Educational only and not trading advice (EO&NTA) Good trading to all
Global twitter outage. Always a concern because if it is in your Google record that you went to zero hedge you could (following the Chinese model) be banned from public transportation in parts of California.