Monday, December 5, 2011
Going Up on Gaps
Most of the gains have been made with gap ups, you have another one today. The fuel that took us up so quickly last week was a lot of short covering on money printing hopes and EU optimism. It is a repetitive cycle, you would expect the traders would calm down and not crash us down or squeeze us to death but that is how the funds roll these days. All are in the same boat and chasing moves until you get critical mass, and then you go back in the other direction. Eventually the Europeans will print their way out of things, and we'll move on to the next story. I don't expect this kind of trading to last much longer. We'll be back to a grinding higher market in a couple of months.
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11 comments:
That is the hope of the money printers. They hope the global QE'ed market will lead to pick up in demand, however, the world is slowing bigtime compared to may of 2010. this time around the global slowdown may be too hard which means central bankers will have to coordinate an even printfest
even greater
They will create the biggest printfest this side of Zimbabwe. It is the Germans against the world, you think they can win? This is the WW3 of finance. Germany will lose again, this time to the money printers.
The germans will chose inflation but they are gonna make them beg first is my theory. Then they can say i told you so.
Adding to all my shorts right now
amzn, goog, pcln, bidu, and CMG
once we close above 1265, the next leg higher is confirmed.
looking for 1300-1325 ho ho ho
yahoo!! $$$
MO: How do you feel about tomorrow? I am sensing a gap down..
US credit agencies will force Germany's hands by downgrading them or placing them on watch. This is coordinated. Germany is no better than anyone else.. on paper they may seem so, but most of their exports for heavy machinery goes to China.
When China cracks, Germany and France are doomed. France does their railway. Germany does their construction machinery and cement
Once euro is salvaged Friday, we move onto the next soup d'jour.. which is global earnings....... hope they print like nobody's business
Expecting a gap down tomorrow. This market is consolidating before a move lower.
If we get some weakness today gonna get smaller on the short side
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