News doesn't matter. What he said doesn't matter. "They" just lifted the market when he speaks. Sometimes I even think he is a role of the opera. The market goes in the orchestrated or more precisely, predeterminedly computerised highly-programmed way. That's why the market can go up for so long with not much volume. And it works in both ways. Whether it will go up or go down, it only depends on "their" will. I hope you understand what I mean. Personally, I think any one who is still buying now is pulling chestnuts out of the fire -- gaining profit in risk.Quote from pfranz:
Up to now, it seems you got it right.
Nice to see how Bernanke speaks: first he says he's ready to increase or decrease QE,then he says that reducing monetary easing could hurt economy recovery.
do you think reducing QE is an option?
He said nothing and market flew up. the only "news" was housing data worse than expected.
Quote from TILT2:
I hope you understand what I mean.
Numbers are fake. They put up whatever they want. If they want to creat a correction, they put up a bad number and vice versa. Having said that, numbers are only be used to justify the price action.Quote from pfranz:
Of course I understand, as it is exactly what I think.I was just laughing at the theatre they put up.
I put news in quotes as manipulators know these data well before they are published.For them, they're "olds".
I write these things for fun.
And just for fun, me too I make my own "top call":today (or in the next few days) we hit a serious top.