Thursday, September 18, 2014

The Government is in Control

Well, at least this market is one thing: very predictable.

Just another consolidation grinder at all-time highs.

So what's new?

We all know that a big red bar day is coming - they always do, eventually.

Yes the breath is waning, and I would have to agree with Brett that there are a fair amount of stocks on the 52-week low list and quite a few of the high flyers have been nicked. Breath sucks!

Price is extended enough now that a down day could be a nice go with scenario.

We all keep waiting for the September and October sellers to show their hand, but the governmental liquidity appears to be trumping it all once again.

I really wonder what the destination is should this 2000 level be firmly cleared before any major correction takes hold.





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