Sunday, March 26, 2017 10:11:09 AM
this current market is total BS. what is the logic / market intelligence that an indice moves 250+ points to 20965 on Mar 21 and the following day Mar 22 it tanks to 20590,...then on Mar 23 price moves back up to 20760 ,...then finishes the week with a 20599,..complete BS.
the invisible hand of the Fed and Government Sachs and other stock market manipulating entities has screwed matters up sooooo tragically that all the pooch can do is tuck his tail and go into protection mode.
“We’re coming from a point of view that we’re in this kind of final wave of this bull market, and the market is transitioning from a ‘buy the dip’ to kind of a ‘sell the rip’ environment”.~ Northman Trader
None of this is technically outlandish, yet participants no longer consider corrections of size viable speaking again to the extreme optimism permeating markets. Well, I’m no longer calling for a correction, I’m outlining the elements of a major bear market emerging over the next couple of years.
And if you are looking for capable political leadership to implement practical solutions that help avoid a recession, the events of the past week should give anyone reason to pause whether you are a supporter of the administration or not. My view remains: We are facing huge structural issues in the economy and neither political party has proven itself to be willing and/or capable to address them. Indeed, they may not be fixable without a massive re-alignment first.
One final thought: Next week not only the month, but also the quarter ends and price closes at that time will be of interest to technicians as potential rejection candles are worth watching.
Source:
https://northmantrader.com/2017/03/25/the-final-wave/
the invisible hand of the Fed and Government Sachs and other stock market manipulating entities has screwed matters up sooooo tragically that all the pooch can do is tuck his tail and go into protection mode.
“We’re coming from a point of view that we’re in this kind of final wave of this bull market, and the market is transitioning from a ‘buy the dip’ to kind of a ‘sell the rip’ environment”.~ Northman Trader
None of this is technically outlandish, yet participants no longer consider corrections of size viable speaking again to the extreme optimism permeating markets. Well, I’m no longer calling for a correction, I’m outlining the elements of a major bear market emerging over the next couple of years.
And if you are looking for capable political leadership to implement practical solutions that help avoid a recession, the events of the past week should give anyone reason to pause whether you are a supporter of the administration or not. My view remains: We are facing huge structural issues in the economy and neither political party has proven itself to be willing and/or capable to address them. Indeed, they may not be fixable without a massive re-alignment first.
One final thought: Next week not only the month, but also the quarter ends and price closes at that time will be of interest to technicians as potential rejection candles are worth watching.
Source:
https://northmantrader.com/2017/03/25/the-final-wave/
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