Monday, January 23, 2017 3:16:49 AM
"Agree... it shows all the signs of a potential break lower.. considering nobody has taken the market further... considering the Dia can't break the 200 mark... after trying for many days then breaking lower."
It's not that "can't break higher of X level" but it won't be pushed past a given level. Every such index and consequently important stocks is effectively being bought up madly to be pushed through a given level. The reason for that is to squeeze money from the bigger positioned side of market. If the bulk of positions are on the long side then we get a selloff ("correction").
The 200 is a great psychological level. It stands the reason (a lot of big money) to get the hell out of longs or at least hedge heavily.
If they can convince a larger number of participating money to be balanced on the short side, big IF after the prior baitings+beatings, then the 200 will be taken out and strongly.
Absent that, the market will be held flat until the trading commission income dwindle too, making the overall market dead thus their whole business dead. When the overall market is dead they will have to make a decision, almost like flipping a coin (maybe they do that too) and take the market 5-10% one way or another to attract enthusiasm back and revive the market corpse.
BB is a great visualization of stagnant dead market when it is narrow for a longer period. Stagnant meaning they have near zero income, thus forcing their hand one way or another.
We're in such a time.
From what I see the trend is up pretty solidly but at the same time the upside is none for trading purposes without a correction (meaning yet again dead market).
I don't see Trump moving away from what has been done, meaning stopping the market manipulation, let's be realistic. Also the printing press (goonvernment thieves stealing) of money dilution won't stop. The best I can hope for is Trump to diminish it to a more reasonable level unlike the unscrupulous rampant reckless thievery that happened before him for eight dark years.
But we have to see it before believing it. I'm very curious of this and a host of other things.
I'm thinking we will have a beginning of a picture by the summer.
We have to give it at least such time due to a lot of inherited momentum in money printing thievery at the moment.
Fingers crossed Lol
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