IMHO: I think hedge fund redemptions in the next few days will lead to a downside bias in equity markets....not to mention uncertainties from the European block.
Guys, there's a 9 month cycle due shortly, presumably Friday or Monday. I guess today's boring market action is preparation. As to the direction of the move, your guess is as good as mine
OK, we have the descending triangle breakdown, here's the text book target.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BullBear52x wrote:Hmmm. Cobra sick with minimum movement so's the market.
Yawn..........
Boring board when king snake under the weather
Any LOLs to wake us up?
Two here:
zh joking that even Buffett probably short BAC here, just to get a bit back on his “investment”
Bberg anchor: “American’s are putting their money where Ben Bernanke’s mouth is”
OK, here it is...
Q. What is a long term investment?
A. a failed short term investment
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra wrote:OK, we have the descending triangle breakdown, here's the text book target.
You feeling better?
no. had a little nap, so got some strength.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
TO express my regard to Cobra, I just write this post in CHINESE!
Thanks. I happen to know some Chinese.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.