Tuesday, August 20, 2013

Earningless Bull Markets: Why Do They Happen?

Trade Idea for Tuesday, August 20, 2013
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The $NYMO reached minus 100 today, which is an over sold condition, but, of course, just like over bought we can get MORE over sold. A couple of BAD items is that the main men, the $NYAD's, are actually trying to beat the "markets" to the July 24th low, which would put them in a LEADING situation to the DOWN SIDE, completely opposite of what you want to see. Also, the P/C, $CPCE, at .54 is ALSO completely OPPOSITE of what you want to see, there's NO FEAR, we don't bottom until we hit like 90 on it.
Some interwesting things going on here.

3 Dangerous Myths About Rising Bond Yields
Myth 1 of 3: Bond Yields Are Rising Due to the Fed's Insinuation at Tapering
By Elliott Wave International
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1 Comment:

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