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"The BOJ QE is impossible to ignore . All pullback will bought up .Santa rally has com early this year .
I don't think the DOW has topped at all , a minor correction might follow only to be bid to new highs ."
I don't think the DOW has topped at all , a minor correction might follow only to be bid to new highs ."
The daily Dow (chart below) and daily Nasdaq charts both left us with a gap up and a Doji on Friday. IF they gap down today and open below Friday's low then this is very bearish as it leaves an "Island Top" or Japanese Candle "Abandoned Baby"…
"Base is in fordax
time to move higher "
time to move higher "
The wedge on the daily Dow is in danger of breaking down - that is a 10 month long pattern.The choppy moves, big daily swings and odd volume all remind me of the crash during the sub prime crisis.Not saying the bottom will definitely drop out today…
"S&P 500 break out of bearish channel
reversal in motion "
reversal in motion "
"Stronger data + dovish FED = double whammy for a short squeeze "
"Yes the key today is the volume = firm conviction
Its better to short Europe and remain long US "
Its better to short Europe and remain long US "
"My chart is not showing (when I look anyway) Can you see it? If not shall I do a fresh blog post and see if that works?"
"I remain in the bullish camp at this juncture "
The target for this flag which formed in the second half of yesterday's session is 16850.
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