I combed the charts for a while tonight, and there's effectively no change at all to yesterday's update. Bull/bear counts are both still in agreement until the 1540 +/- zone, so I'm still looking for higher prices over the near-term. Good luck out there! And of course: Trade safe (NYSE symbol: OMGWTFSTOPLOSS).
And totally off the subject of the market, since there's really nothing to add to yesterday -- I shared this next quote with the good folks in the forums last night, and feel it's worth reposting here (I'm simply cutting and pasting my forum post):
Okay, this has absolutely nothing to do with anything on this thread, but I stumbled across a quote tonight which I found it so deeply profound that I just had to share it. This is from Rainer Maria Rilke's Letters to a Young Poet, and it's about "loving the questions" (about ourselves or the world) which we have yet to answer:
Have patience with everything that remains unsolved in your heart. Try to love the questions themselves, like locked rooms and like books written in a foreign language. Do not now look for the answers. They cannot now be given to you because you could not live them. It is a question of experiencing everything. At present you need to live the question. Perhaps you will gradually, without even noticing it, find yourself experiencing the answer, some distant day.
Have patience with everything that remains unsolved in your heart. Try to love the questions themselves, like locked rooms and like books written in a foreign language. Do not now look for the answers. They cannot now be given to you because you could not live them. It is a question of experiencing everything. At present you need to live the question. Perhaps you will gradually, without even noticing it, find yourself experiencing the answer, some distant day.
It seems you were right about the higher prices to come. Now that the 1540 zone has been reached, are we due for any kind of correction
ReplyDeleteor are the QE zombies going to push the market to even greater heights? I have to say that todays sudden upward market move caught me by surprise.