What is psychology of CBs? Let the only thing that suggests we are still OK fail or pump it into oblivion?
my guess is Draghi will hold off through Dec 16 and probably through Jan so that Fed is not hiking as Draghi is adding QE. Abe too may hold off through Dec and Jan to allow Fed to get this .25 hike over with. After the .25 (thats if its able to hike), Fed will hold off many months and Draghi/Abe will be able to do their QEs. So that implies a bit of a rocky (some dips) Europe and Japan stock market until about Feb.and then buying on the dip and higher highs in all three markets And I say this not because I think I could predict anything regarding markets but rather because, as many here have already said repeatedly, that if this scenario does not play out and if the Fed keeps hiking and/or Draghi/Abe stop QE then the market looks very dangerous as the CB juice is the main/only real driver
http://www.cnbc.com/2015/12/03/ecb-keeps-main-rate-at-005-pushes-deposit-rate-to-03.htmlhtml Ecb to keep QE stimulus in place until at least March 2017.....yep keep propping up those markets!!!!
Look at the futures markets prior to Draghi...full melt up mode, a truly Pavlovian response... CB's can't be so blind so as not to see that these markets literally do not function without "further instruction" from the round robin of CB's...Plus, with SP at 2100, Yellen goes "hawkish", lol...can't make this stuff up.
How come you don't take profits anymore? I just got filled PFPT at 68.56...it blew through my limit but now 69.55
Just so I'm clear on what you're saying... since AD states that in down trends, its easy to call double tops, and yet, he claims we are in an up trend, then why is the double top so apparent? The fact that there is a double top should point to a downtrend. Is this the correct logic you're trying to get across? I do hope AD comments. Of course, maybe its just a dip.