you need to remember algyros that the macro picture shouldn't be
bought into the factor in most cases. Even the events in
Japan in my opinion were simply an excuse for a sell
off after the run up. Not much more than that. Technically we
were overbought and that was the oportunistic moment to close longs
on the chart.
Just focus in on the charts and nothing else. Live in a bubble
almost. Fed by the way is only bullish for the market right now
because of the POMO operations. Markets will rarely retrace
materially during POMO phases. Its only when the influx of
liquidity diminishes that we will see a more balanced market. But
who cares......its all in the charts
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you need to remember algyros
system....
Posted by vimal on 29th of Mar 2011 at 05:05 am
you need to remember algyros that the macro picture shouldn't be bought into the factor in most cases. Even the events in Japan in my opinion were simply an excuse for a sell off after the run up. Not much more than that. Technically we were overbought and that was the oportunistic moment to close longs on the chart.
Just focus in on the charts and nothing else. Live in a bubble almost. Fed by the way is only bullish for the market right now because of the POMO operations. Markets will rarely retrace materially during POMO phases. Its only when the influx of liquidity diminishes that we will see a more balanced market. But who cares......its all in the charts