sp'60min
Summary
*not the hourly MACD cycle.. already fully reset.. upper bol' is offering 2090/95 by the Friday close.
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A lot of the usual end-year issues are arising.. but overall... its a case of micro chop.. with underlying upside. Today's close is of ZERO consequence.
A break back under the giant sp'2000 threshold looks unlikely for some considerable time.... never mind the bigger issue of the R2K.
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Executed two trades this morning, but hey... what I do should be of little interest to some of you. After all, I'm just a contrarian who should change his name... right?
Am utterly tired of hearing the same bullshit that I've been told for the past FIVE years.
Oh, and then there is the notion that the market will crash if the Fed raise rates 25bps next year, right? Well, that's what many of you out there still believe.
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yours... repositioned for early 2015.
back at 11am.