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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, July 6, 2012

Operation X proceeding

Operation X with 5 phases is proceeding very well.
at 1349.
$spx is at the mid blue pitch fork support, after coming down from the upper blue pitch fork resistance.

yesterday Bank of England's new $50B pound bond purchasing (QE) did not do any benefit to the market.

for those hoping for QE, this could be an indication of what they are hoping for.

FED certainly is watching the effect of BoE's new QE, and know it won't serve well.

monetary policy is on the cliff and not probable to go further, with stagnant economy that takes toll on the global stock market.