Monday, May 27, 2013

WEEKLY Timer Chart with a special note

WEEKLY Timer Chart with a special noteSocialTwist Tell-a-Friend

Notice in the longer perspective, the WEEKLY Timer Chart shows the UP move is still in tact.  What we saw Wednesday and Thursday, in a rear-view mirror, could be nothing more than a bump till the WEEKLY sigma levels are breached.

Here is a short note from a loyal HA subscriber who is a money manager in Boston with over 40 years in the security markets.  Over the years, I have come to value his uncanny prospective.  His note was sent to me in response to a talking head's column on MarketWatch, trying to justify a call for a market crash in August. I thought it would be wise to share it in entirety:

"Frankly, another talking head trying to get attention.

QE is only part of the market move. Confidence, energy independence, knowledge economy, return of manufacturing to the US, rise of middle class in China, reduction in China’s wage differentials, reduction in US military expenses abroad, RE appreciation and demise of prop desks.

Fact is, there are damn few sellers ex algo’s."

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