ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Nothing happens during the US session. Average True Range for YM is under 20 points during the US cash session. Last night there was movement buy I can't stay up 23 hours a day. Thought just maybe after the stupid swearing in that we would correct some.
This is how they lure in the timid soles. No big gyrations.
the world consensus by a landslide is higher,bottom of this page,adage goes"above 70% who's left to buy,below 30% who's left to sell,it looks like everyone is in,no one to push it higher,and the consensus kept the bears on the sidelines, so the few out there can't even make a dent when they come in to cover http://www.insidestocks.com/momentum.asp
There is plenty of corporate and institutional cash. The fundamentals of many of the big blue chips are quite good.
http://www.insidestocks.com/momentum.asp good article supporting your premise,i have only been reading this guy for a month or 2,but i like his articles