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SirJames
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Bull Market Getting a Little Freakish - Rick Ackerman -

OK I'll bite. How can any/all markets that everyone now concedes are fixed/rigged (perdon me, managed) freak anyone or appear freakish. I confess, most of what is going on in our faces and up our noses, is bizarre, but is it not to be expected. Gensler even had to let the Dodd-Frank ball drop on derivatives trading for goodness sake. It's only $7000 billion or 1.3 quadrillion depending on which BIS figure one accepts, what the hell does anything really matter after a certain point? A magical, mystical market in a raging bull with almost no performing companies, what the hell? and Gold 1K or 1500 or 5000...when there is none (i.e. bullion), laugh so ya don't cry. And the Fx - with the Fed buying 70% of bond and the USD up??? I know there's a white rabbit in here someplace. Whay are any of us taking this seriously?

Commented 4133 days ago

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Beginning of the headline :The 1476.25 rally target shown in the chart below looked until recently like a good bet to contain the bullish stampede, at least for a while. As of early Wednesday morning, however, it seemed to be giving way. Even though it has been exceeded so far by just 2.50 points, that’s enough to imply that the resistance has been fatally compromised, given the clarity of the technical pattern that produced it. If this “Hidden Pivot” is in fact easily brushed aside, it would be yet one more casualty of a... Read More

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