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.
Thursday, January 10, 2013
TXFA3 Jan 10
both Citigroup and Morgan Stanley have huge layoff of their employees recently. one of them must be miles away wrong.
for U.S. market,
some perma-bears complain no impulsive waves up since Mar 2009 bottom, but $RUT, breadths ... are setting new all time highs. perma-bears have been wrong for nearly 4 years.
some perma-bulls say currently $SPX is on the 3 of 3 of 3 strongest up wave - pathetic wrongful subjective reading as $SPX is sideways trading since the top on Sep 14, 2012. perma-bulls have been saying the 3 of 3 of 3 strongest up wave for many months or years, and $SPX is going nowhere and had many serious plunges and crashes.