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ES 5. It seems the market is unsure of where it wants to go. Try a little bit up. Nope. Try a little bit down. Down looks like the ticket to me. Back later ...
Charts posted are not recommendations. They are just a sharing of information.
Trades with cats wrote:Chopping around. Who do you think is right Chuck Prince and the Davos crowd or Corona virus turning into the new Spanish Influenza?
Maybe a serving of Corona at Davos would be helpful. I mean, if they are embracing wholesale disruption as a great thing
Breakout to the new high with a good looking bull bar in the next couple of bars then it's an uptrend day.
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Fun thing about Chuck Prince and Davos crowd declaring business cycle over is this is not the first time and is right up there with that stupid Barron's cover. Another tell about the top is close being discussed today is Warren Buffet badly under performed the markets last year. He does under perform at the last stages of valuation bubbles.
No idea why famous people feel the need to make really stupid statements about the end of cycles as it is a guarantee that your hubris will be dealt with by the gods of finance in there own good time. Just ask Gordon Brown.