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SP 500 and NDX Futures Daily Charts - Wash Cycle

IMG Auteur
Jesse
Le Cafe Americain
Published : April 23rd, 2014
180 words - Reading time : less than a minute
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Category : GoldWire

"People feel like the system is rigged against them, and here is the painful part, they’re right. The system is rigged. Look around. Oil companies guzzle down the billions in profits.

Billionaires pay a lower tax rate than their secretaries, and Wall Street CEOs, the same ones the direct our economy and destroyed millions of jobs still strut around Congress, no shame, demanding favors, and acting like we should thank them. Does anyone here have a problem with that?"

Elizabeth Warren

If you have been short this market recently that most likely has been some pain. 'Never short a dull market.' And especially a dull (low volume) market in which the Fed and their Banks are running rampant with free, hot money.

I think we *might* be nearing the end of the wash cycle, and I could be on the lookout for something on the downside, but not quite yet. There is still some room to go higher and shorting is an advantageous, short term strategy at most times.

Disgraceful really, but they do not care.

Have a pleasant evening.
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  All Favorites Best Rated  
glasstiger   4/23/2014 at 2:20 AM GMT
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Your last paragraph is too cryptic, and makes little sense to me, a simple layman in finance.
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Your last paragraph is too cryptic, and makes little sense to me, a simple layman in finance. Read more
glasstiger - 4/23/2014 at 2:20 AM GMT
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