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hello Bouraq...I m sure you saw the margin debt was basically unchanged in May.Not what you d expect in a bull market like this(after two months of margin debt contraction).This should be bearish...and rather quickly.But maybe the little bit of QE thats left renders margin debt meaningless as well as most other indicators you could count on(but I doubt it.Still looking for a negative year S&P).Cheers.
Hello Bouraq, I appreciate your channels. Do you think my channels on Ndx are correct. If yes, we have just hit the resistance. Of course we could go to 4000 with a break out (or break out fail?)
This looks very good. I saw the same graph as well but the log scale chart looked more interesting :) NDX is famous with breaking very steep channels up ! You can see that during the dot com bubble. I would wait for a clear reversal to exit longs or short it because there is incredible euphoria in this market and we don't know when it will end.
Negative year? Negative decade? With the FED or the perception of FED pumping up prices I'm not sure when/how this will end. I still cannot see a clear reversal.
I'm covering a lot markets right now and it takes more and more time. I have to prioritize and perhaps limit it with 5 charts per day. Otherwise, it's really not worth my time for the miniscule advertisement revenue. :)
Thank you for posting the NDX, hope you keep it on your regular update list
ReplyDeletehello Bouraq...I m sure you saw the margin debt was basically unchanged in May.Not what you d expect in a bull market like this(after two months of margin debt contraction).This should be bearish...and rather quickly.But maybe the little bit of QE thats left renders margin debt meaningless as well as most other indicators you could count on(but I doubt it.Still looking for a negative year S&P).Cheers.
ReplyDeleteHello Bouraq, I appreciate your channels.
ReplyDeleteDo you think my channels on Ndx are correct.
If yes, we have just hit the resistance. Of course we could go to 4000 with a break out (or break out fail?)
Cheers
Where's my graph?
ReplyDeleteThis looks very good. I saw the same graph as well but the log scale chart looked more interesting :) NDX is famous with breaking very steep channels up ! You can see that during the dot com bubble. I would wait for a clear reversal to exit longs or short it because there is incredible euphoria in this market and we don't know when it will end.
ReplyDeleteNegative year? Negative decade? With the FED or the perception of FED pumping up prices I'm not sure when/how this will end. I still cannot see a clear reversal.
ReplyDeleteI'm covering a lot markets right now and it takes more and more time. I have to prioritize and perhaps limit it with 5 charts per day. Otherwise, it's really not worth my time for the miniscule advertisement revenue. :)
ReplyDelete