Prepare for Xmas Rally

Quote from Tsing Tao:

Probably because you have 80% of the forum on ignore after they've called you out repeatedly for the schmuck you are.
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That all all of his followers have gone broke and left ET.
 
Equity rally warning issued since Nov. 24 strengthens further today due to short covering.

CRUDE daily chart bearish signal on Nov 24 invalidated due to equity rally.

GOLD and SILVER upside continues.
 
Yea, bs rally for sure but....not worth shorting into it today.

This may run another 1000 points into the end of the year.

Bears are out of this market in general, waiting til the Jolly New Year before they pounce on this Low Volume market and ride it down.
 
Quote from canuckrookie:

RSI now 100. Home sales are up, europe will be bailed by US tax payers with IMF paper. What's not to love.
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Not RSI 100 on the 15 min chart! OMG that's the rally's death knell for sure.
 
Quote from GrandSupercycle:

Equity rally warning issued since Nov. 24 strengthens further today due to short covering.

CRUDE daily chart bearish signal on Nov 24 invalidated due to equity rally.

GOLD and SILVER upside continues.
More...

I can't see an equity rally being sustained very long along with a crude and gold rally. Something has to give and equities has to be in. Sit it out today while some profit taking occurs and watch for the equities to turn back down this week.
 
bc1- Fed is involved now......behind the scenes pump'n in liquidity, hence rally. Retail Sales and Home Sales did not cause this rally. Short covering into the Fed getting involved.

EMU bail out will fail but the news is also culprit to this rally...

Also, technical levels.

However, I do think this rally will continue through the holiday, into Jan. Sure, there will be a sell off here and there but the "powers" that be will run this up on light volume.

Nothing has changed for the better, in fact the economy is getting worse, not better, for most states. So, this is a bs IMHO but, it has the power to run on light volume.

I'm not sure about Traders but most people, including me who are in the Private Equity World are taking off the month of DEC. This week is just a slow touch base with clients and wish them a happy Dec.
 
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