Can't believe I let the R2k shake me out, by a whisker! Behold, the False Breakout. Old school TA makes a good fade....
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Because the market is manipulated by the computers and can only go under the designed or pretermined model. Once the trend starts, it won't finish until the trend is completed. That's the only reason of market's going up. Who programmed or designed the model? Ask the US government, Barrack Obama, or Ben Bernanke. Because the US stocks can't fall(collapse), if it falls, everything else will fall one after another, that's the crumbling of the financial world. Check the chart in 2011 and compare with the 2008, you will find it should have been collapsed in 2011, but the price action in the week(26.11.2011 - 03.12.2011) has changed the pattern because they have programmed the model to alter the trend. I could be banned here, but I have to speak the truth out.
Yup, blame gov, blame marker maker, blame this, blame that. The only one they never blame is themselves.
Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.� http://www.forbes.com/sites/greatsp...s-on-its-way/2/ So, the govt is forced to manipulate the market, otherwise it must declare bancruptcy....
Today's rally fully shows the market is manipulated with no volume. We had a good news today? no We had a large volume? no What we have today? Manipulation.