Do you base this opinion on TA pattern recognition skills? I'm not surprised. Jealousy must suck. surf
Surfy..it's about time to throw those Price Drivers into the dustbin of history.....and this is why I say that real traders never predict but instead manage risk: Bernanke: Bond-Buying Plans Not 'A Preset Course' "Employing his clearest language yet, Federal Reserve Chairman Ben Bernanke said Wednesday that reductions of the central bank's $85 billion-a-month bond-buying program are "by no means on a preset course" and that the Fed could leave the program intactâor even increase purchasesâif warranted by a worsening jobs market, inflation that refuses to move back toward the Fed's 2% goal, or too-tight financial conditions." http://online.wsj.com/article/SB10001424127887323309404578611480809686850.html?mod=djemalertMARKET
Yeah, I saw that, hurricane. I think you may be jumping to conclusions. Lets wait until the session is over before considering the ramifications. In may, it was during the QandA section of Bernanke talk that sent the market sharply negative. Price Drivers are hinting this may repeat. We will see. Good luck!! surf
Fleckenstein sees disaster: http://finance.yahoo.com/blogs/talking-numbers/fleckenstein-fed-policy-end-disaster-100312379.html
Yes, but when? Markets can remain irrational longer than you can remain solvent. Bernanke is making the market now, he can stay the course longer than anyone else can.
Before 15542 is violated on the DJIA. We have quantified the inputs and determined the maximum move. Watch and learn how its really done. surf
Remaining confident in the epic Price Driver market forecast of the top being in place, a sharp decline then the new bull market---- holding shorts. surf