At this time yesterday we examined the market and noticed that the only two powerful up days this month were negated by yesterday’s action.
Today is a complete and perfect mirror of yesterday. Yesterday was a 90% down day. Today is almost a 90% up day. Almost every sector was down yesterday. Today almost every sector is up. Yesterday, my screen was an ocean of red, today green.
The Turkey Gods have won. Happy Thanksgiving!
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Gobble Gobble Gobble
are you saying we will no longer test lower levels 1130-1165 ?
Not saying that at all. We are about in the middle of the new trading range.
Just an admission that the Black Friday/Turkey Gods are “All Powerful”…
thx EssBee
There’s no tellin’ what the turkey gods will do from one day to the next.
Scott, according to Zerohedge there have been 29 consecutive weeks of money flowing out of the market. How can the market can go up when money is coming out? Is it only POMO money doing it? HFT?? WTF??
Thanks, and great calls on market direction.
I see no one is giving you shit about selling approximately one or two days before the market turned down anymore.
THEY want us out. THEY NEED US OUT so they can control the flow.
Hedge funds run the world. Again. With almost unlimited capital. Again…
The hedge funds run the money and the managers only pay 15% tax! What a great country!
Do you believe everything you read in -0-Hedge?
Course! It’s all true, fact and gospel, right?
good point
And so it goes, the great ebb and flow…