I must admit the volume on this pennant formation breakout is not inspiring. Under normal conditions this would certainly raise the warning flag to be on the lookout for a pattern failure. But ask yourself are these normal conditions.
Well, credit where credit is due, well done man! I have closed my Nikkei short for zilch profit and went long DAX and ASX200.
What's this....ecb accelerating their trillion dollar bond buying program.... Wow this is just another fucking joke...it has to be...they are doing anything and everything possible to keep the world markets from collapsing ...it has to end sooner or later....the way central banks are pumping this market up is something the world has never witnessed before.....and to think this is all going to end on an up note...hahaha.... http://mobile.reuters.com/article/idUSKBN0O401E20150519?irpc=932 By Michael ConnorNEW YORK | Tue May 19, 2015 11:27am EDTEmailFacebookTwitterBy Michael ConnorNEW YORK (Reuters) - Equities around the world jumped on Tuesday and the euro tumbled on signals the European Central Bank may accelerate its 1 trillion euro bond-buying program over the next two months.
I will be shorting the Asian markets once they break out to new highs...last night the Shanghai ..Nikkei and hang sent all rallied. Once they are all past highs im going short...the entire market is over inflated especially the Shanghai ...with China doing everything to stimulate their economy shows you how desperate they are to keep gdp figures above 7%...once China slows the world is going into a long recession
Up up up and away, hope everyone bought that nice dip right after the open. Get your free money $$$$$
we need some volatility, where has it gone....notice when the markets are making new record highs volatility literally dries right up....Im feeling some volatility in the next week or 2, this market is too boring right about now, only thing volatile today is oil and gold...