TBE - not sure if we're watching the same thing here - but what I'm seeing are the DOW almost tread water now - it doesn't know what to do now that its actually got what it wanted.
It could go UP from here - or it could go DOWN from here - both directions will be a strong move either way.
To be honest - I think we may see a short term higher rally - all on this fairy floss fake money euphoria we're seeing the world banks photocopy out - its almost a race to the bottom now on who can devalue their currency the most.
Throw in an Obama win in November.
Then throw in a hardline Republican budget line.
Then you have fiscal cliff.
Then you have EU basket cases unsolved asking for another hand out.
And then you have Big Ben - that's pretty much fired off the last of whatever he had left.
Those things will be enough to drag this market down again I'd say in mid/late November early December.
Rule of thumb here - MAKE HAY WHILE THE SUN SHINES.
We just need the lads to get onto the results, proof read and double check and then do it again - and get those numbers out to market.
And when the world's economy finally takes a dump.....we blow the roof, and before they know what happened, we're sitting on a beach, earning 20%...
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