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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, August 27, 2010

QE2? (so called) I see chart patterns alike QE1 but different degree

i might have to abandon Oct-Nov plunging expectation. NOT a new bull market, but could surprise majority people that the upward correction might not be over. keep 1150 on 9/15/2010 as the first target, review over there, and daily.
it's not easy for me to be at least short term bullish, unless i see lots supporting factors.

cycles are still the same, but price could change due to lots new patterns and indications i see (including elliott waves counting that have not been seen in other places). turns are turns, time x-axis doesn't change, only the object at y-axis changing the velocity and direction.

Bernanke Says Fed Will Do `All It Can' to Ensure U.S. Recovery
http://www.bloomberg.com/news/2010-08-27/bernanke-says-fed-will-do-all-it-can-to-ensure-u-s-economic-recovery.html