T/A ETF AND INDEX

[capt_jmj]

Well, if we are in c of Primary B, what rule governs how high it can go, i.e. one of your Fibonacci's, or is the sky the limit? The market seems to think the latter, since every declared top is eventually violated. Are these rules written down somewhere, or are they modified as necessary to fit the situation?

Someone here already said it, maybe MTar, TA is next to useless in a managed market. Last year's debacle destroyed so much wealth and confidence that some have said it may keep many small investors out of the market for a generation. In my opinion, the primary goal of the Fed program of excess liquidity is to prop the markets long enough to restore that lost confidence and convince the small investor it is safe to get back in the water. And, through the monetization process, a good portion of that "liquidity" is actually U.S. debt, so they simply cannot afford to let the markets go down until that money can be gradually withdrawn as it is replaced by private money. Isn't that a beautiful system? You take the debt on to the Fed balance sheet, lend it out to your favorite investment banks who use it to drive the markets higher, you periodically cash out for a nice profit, and then repay the Fed at ridiculously low interest rates. How do I get a job at GS?