The only reason “technicals” works in the short term is that many others are using “technicals”, call it “herding analysis”. “Technicals” breakdown in a crisis because the stock market is non-linear.
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PPT went on an Easter bender and got reprimanded for sleeping at the terminals yesterday… They will be on their A game today.
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Nuclear war is really bad for banking… and banks run the world.
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it will retake the 200 day with a vengeance because that’s what CB’s do; and eventually retake it again the other way.
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Market manipulation is like a drug.
It feels good at first, but then you get hooked, and finally you overdose and no amount of manipulation can prevent the crash.
It feels good at first, but then you get hooked, and finally you overdose and no amount of manipulation can prevent the crash.