What a day today !
Some people still think this is a bear market rally and think the rally or bullish run is irrational !
However, what I want to say is:
- Yes, there is a reason for market's up and down. But you probably don't know it now.
- When you know the reason, understand the reason, and think the market's move is very reasonable, so you jump in. Man, probably, you are too later
One thing is for sure: A big trend needs time to develop and will take time to change !
For example, the Bear market from 2007, ends until March 2009, it takes more than one year. So this Bull's market since March 2009, will probably end some time beyond 2010.
Some friends may ask what will happen after this pushing up wave ? I already posted before in only 15 points to my predicted target.
I quote it here again:
"Form a new no-trend zone, and destroy completely Bear's hope !"
the no-trend zone is the same as trap-zone.
So, you know a trap-zone is expected after the Bull's money-making zone is completed.
to da moon ! oh. ye
ReplyDeleteFOMC has determined to de-value the USD. Today FXE jumped by $2. It breaks out the resist @ 144.x. Unless foreign banks start to dump US treasury bonds, don't expect a firm US$. I don't expect a 10% pullback any time soon.
ReplyDeleteTherefore gold is over $1k/oz, oil jumps. I believe over 40% of SP500 are somewhat related to commodities. So you guy can figure it out.