Your timing is nothing short of impeccable!
Kudos to MMs
- Thread starter nitro
- Start date
Your timing is nothing short of impeccable!
jeeze nitro..maybe you should take a break from reading ZH.
for the past five years, every previous resistance has become support
we can characterize these levels as big players entering or exiting, but it does not change the game of trading (buy support, sell resistance)
speculation about QE also has nothing to do with trading, except that this is the way it is portrayed in the media.
just one take. everyone has their own opinion.
we can characterize these levels as big players entering or exiting, but it does not change the game of trading (buy support, sell resistance)
speculation about QE also has nothing to do with trading, except that this is the way it is portrayed in the media.
just one take. everyone has their own opinion.
Your theories led you to the false assumption that the S&P was worth 900 in 2011. If you want to trade better, you need to stop overemphasizing factors like QE and understand the real factors driving markets. For example, interest rate policy has a huge impact on market prices.
Canada had rock bottom interest rates three years ago like the US but it quickly became apparent that our economy was likely stronger then the US short term. So they raised interest rates a few times, still historically very cheap but one might note that Canadian markets have vastly underperformed US markets since.
Sometimes the factors aren't even concrete, its more the perception of what governments and the public think about the economy coming 2-3 years down the pike. At this time, the US government remains very concerned about the US economy. Canada its different, but because of the US policy our government has held firm on interest rates and apparently will likely do so for 2 more years minimum if we are to believe the analysts. At this point, our markets seem to mirror US market drops but fail to participate very much in large increases.
Everyone knows US QE programs are going to start tapering off this fall or soon after. So far, the market is telling you that this coming event is nowhere near as big a deal as you think it is. I suspect any related market drop will occur soon if its coming. Shorting US markets now is a much better choice now then it was at any point the last two years; you were shorting it for all the wrong reasons in 2011. You have a fighting chance this time for sure. I don't like counter trending trades myself, so I went flat and I wait.
I could not agree more with your past few posts. There are far more variables in action that 95% of you guys seem to realize.
Tyler Durden is most likely a shill for the largest longs on the planet. Keep everybody bearish while mega-billions are being made by the smart money. Now THAT is smart. Even if he is not, the advertising alone on his site probably pays very well. Other bearish players here are not so fortunate and may be living on food stamps...