Rising Wedge breaking does not necessarily mean it will tank. In fact it is highly unlikely unless
the entire market tanks. How should we view this?
1. Canary in the coal mine? Possible
2. High base to follow? Probable.
3. Expansion of Structure? Likely
The market is not cheap! That means wild schitt can and likely will occur. When? No one knows.
Don't fall victim to thinking the market is a forward looking mechanism blah! blah! Nonsense!
Markets are only "forward looking" when they are not manipulated with endless trillions in deficits
FED QE, Lending Programs, etc.. One year into this economic depression should have proven this
point by now. Unfortunately most do not have the experience on the knowledge to be able to judge.
Anyway. Be cautious! Price is what you pay VALUE is what you get. Buffet!
the entire market tanks. How should we view this?
1. Canary in the coal mine? Possible
2. High base to follow? Probable.
3. Expansion of Structure? Likely
The market is not cheap! That means wild schitt can and likely will occur. When? No one knows.
Don't fall victim to thinking the market is a forward looking mechanism blah! blah! Nonsense!
Markets are only "forward looking" when they are not manipulated with endless trillions in deficits
FED QE, Lending Programs, etc.. One year into this economic depression should have proven this
point by now. Unfortunately most do not have the experience on the knowledge to be able to judge.
Anyway. Be cautious! Price is what you pay VALUE is what you get. Buffet!
Comment:
Not looking good for the bulls AT ALL!
Comment:
IPO is trying to stay out of bear market territory. Not looking good for bulls.
Comment:
After multiple warnings IPO was indeed tired. As expected nothing has changed.
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