"Print money"... in its various forms.... is ALWAYS the first choice of politicos... easy to implement, consequences of which not understood by the hoi polloi... ultimate catastrophe, of course... when when does the catastrophe become recognized? (In my case, the BEST I can hope for is that it takes 40 years... by then I'll either be dead or have Alzheimer's and won't know "come-here" from "sick-em".. Younger generations? They're JUST FUCKED EVERY WHICH WAY FROM SUNDAY.... And their voting for Odumbo only put more nails in their coffin... )
They may have figured out a way to kick the can down the road for another year or two tops, but from a macro standpoint, this thing is a long way from over.
I completely agree that you should trade based off of TA and that it precedes the fundamentals. However, my point is that TA showing a bullish market in the scenario of world wide massive debt is NOT necessarily a Bullish market to be thinking everything is peaches. This could be the beginning of an "Inflationary Depression" that would make the 1970's look like a cake walk. That's why I said you cannot assume Bulish TA = Good times. I remember reading one of the interviews in one of the "Market Wizard" books that described what we are currently experiencing in world wide economies. That person "predicted" the crash of 2008 with remarkable accuracy.....EXCEPT he said it would happen within 2 years of the interview. I remember the book came out in late 1990s. He predicted about 10 years too early. Point is,... these problems have been visible for years and politicians have been able to delay what seems like the inevitable. So no one knows how long before we see trouble again. All we can do is ride the wave in the market...whether it is in to shore or out to sea does not matter....JUST MAKE SURE YOU ARE ON THE WAVE IN THE DIRECTION ITS GOING....one day it may be a TSUNAMI. Good Luck N54_Fan
I agree. You mean the downtrend in 1970s? TA and fundatmental should cross-reflect each other. The NAS100 CFD(future) has already broken the height of 2nd last May, can you tell me what does it tell you technically speaking? You assumption can't be croversial with the technical reading of the market.
Hi Grand, glad to see you here. The NAS100 CFD(future) has already broken the height of 2nd last May, can you tell me what does it tell you Technically speaking?
No - large commercial participants frequently rally instruments they want to sell into again. Just what Equities markets are doing right now - light volume small advances into new multi-month highs trying to get dumb money to help them cash out prior to next hard sell off back into range. BTW - fading Euro dollar rally night before last was a great payday!
Then how can explain this: the NAS100 CFD(future) has already broken the height of 2nd last May.? Can you tell me the technical reading of the market?