Ron M Morin

Expecting a final burst of delusional optimism

FX:US30   Dow Jones Industrial Average Index
I've been expecting a final burst of delusional optimism for days now, and it could begin tomorrow. But as you can see from this chart we seem to have formed a down parallel channel , and bond liquidity continues to hit new lows. Since I actually think oil is getting close to a tradeable low, that just might be the catalyst to set the Bulls off. I don't know, but tonight price action seems to be a break-out for US30 stocks. We should know by tomorrowch way the wind is blowing. GL


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