Weekend Charting and Chat - 26th February 2016, page-4

I've been told to limit the italics... feels weird hehe.

Nonetheless, imo, we have witnessed an absurd rally on nothing but hot air and a Pavlovian reaction to bad economic news with US services activity joining manufacturing in recessionary territory. However, we've hit the end of the line in terms of stimulus so bad news is bad news imo.

Central Banks say they have plenty of room to move but it's largely garbage. Investors and banks alike abhor the notion of negative rates and QE isn't doing much for Japan and Europe now is it? It's a confidence game and the game is up! It's all smoke and mirrors!

Dow is going to take a royal pounding before the end of the year or I'll give it away - we await.