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18 September 2017 Day Trading Pre Market, page-7

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Lauban

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18/09/17

08:14

Post #: 27278880
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thanks @paddington bear I share a similar sentiment, but may be more bearish. Will have to just watch I guess.

Originally posted by paddington bear ↑

@Lauban - The S&P has been creeping - or perhaps crawling - up the upper boundary of the upslanting wedge. Normally I would expect a sizeable correction from such a pattern but unfortunately there are never any guarantees in this silly business. Yes rates are low and remember they have been printing money which has needed to go somewhere so their first call has been the market. Old measures such as Velocity of Money (https://fred.stlouisfed.org/series/M2V) don't seem to have any bearing any more. So I'm in about the same situation as a lot of people - sitting on the sidelines looking for opportunities. So yes, long story short, I suppose I am expecting a correction - but God knows when!!

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