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To me it feels like a massive wave of panic buying which I've been anticipating. Rock my socks.
I don't know if you're right with that. We popped above long term resistance and are now at the 1% hesitation point and we have two support points below us. I'm expecting the green line to hold and I have just a little less that two hours to watch. About time major resistance breaks predeadline:QE by ECB and China cutting rates, still trying to drag in the rest of the Mom & Pop investors... another way to say it is the institutions are selling into the retail investors... drop coming soon
The S fund is looking very good - let's thank Draghi who now seems finally ready to launch some serious QE.
Hope Oscar's right: Live With Oscar
I'm going with low volume drift up going into Thanksgiving.What was the comment I made about the RSI not punching through the 75 line on the major indices? It did it, and it's doing it. Wowzers. I don't have the guts to move 100%. Moved from f to a spread csi 25%. Short week next week so may even go to g on Monday. lol Lets stay away from the gravestone doji's Okay?
I was thinking about some I but didn't.ECB will keep this up till they break to the upside like us. Same with China. They proved it to me with their moves today. I expect there may be some pullback but I don't see the 20 failing. At 6% for the past 12 months I need some luck....33/33/34 csi for me.