the last megaphone for the despaired is this, another violation means all bears would turn into bulls?
Let me ask you a question:
If the economy is "Recovering", why central banks everywhere have to lower interest rate to "boost" economy?
What are they so afraid of? And if they're not afraid of something, then why are they constantly hyping their threadbare commitment to "do whatever it takes," pushing real interest rates into negative territory and buying stocks and bonds hand?
I would expect them to hike the rate though. What is the thing that they know but i do not know..
Thank you very much also for following me though my post is downright simple, where many followers prefer the more sophisticated chart with lots of drawing.
When i see it necessary, i will usually jump the gun to short or long first even before confirmation.
Though no one can identify the EXACT timing of a big turn, TA is a better gauge and Fundamental which can serve as a huge warning.
Futhermore, the fact that US economy is doing good (coupled with a strong dollar) makes US stocks extremely attractive for investors from all over the world. This is what many people are missing. American stock market nowadays is more than just US households investing their hard-earned money.
But if they still indulge in deceiving themselves and delay the rate hike, by the time it is too late, the hike will likely be 50 - 100 basis point each time.
Example, GMCR-a solid fundamentally sound beverage company, just report its impressive earning and price reached 155, 3 days after its down to 140. Fast and furious. Technically, it has pierced through BB upper bands in quarterly chart (which i wish tradingview will feature this sooner), thats why when upside has become saturated, the only other way is go plunge down (bubble POPs)
When i frauded in my accounting practice, i will want to keep generating falsified report to show to my boss until one day i am caught naked with evidence, then it is OVER - the analogy
Hence i really suspect and question the numbers they put in for employment like our friend -Fiberton said.
But anything unexpected can happen, which is why as a trader we have to take into acc for it
Using a monthly chart, log scale, drawing a trendline connecting Dec 2008 low, to June 2012 low and extend it, the price just sitting at the trendline support. I have some conviction that price would slightly break the trendline to wash out the bulls before reversal for short term. (i am watching ~38.5 level closely)