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Re: Inverse Head & Shoulders on the S&P

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  • Mon, Aug 10, 2009 - 12:15am

    #13
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Inverse Head & Shoulders on the S&P

As MH says, when you’re dealing with fiat with little restriciton on it’s creation, anything can happen.  Back to the ideas about traps.  It has been my experience that traps are being created more frequently.  Without lookiing it up, I would guess that most of the most important traps have occurred on Job’s Fridays or Mondays that follow a jobs Friday.

As a borker with twenty some years experience I’ve learned that markets are made up of people.  I have accumulated a few clients that are true bell ringers.  In the last few days I have had a few of my key risk averse canaries start to sing loudly about not having enough stock exposure.

As far as I am concerned, the light is yellow.  And my foot is off the gas and heading for the brake.