Courtesy of Read the Ticker.
Buy the dip, if you believe the next chart. Because you wont be able to stop this rally!
The action by the NYSE Summation Index has been simply outstanding, the rapid rise to +1200 in quick time suggest that what happened 3x before is about to happen again. Ignore the negative news, the SP500 will print 2,500 in the next few years if not months.
The above statements is what you should agree to if there is to be QE 4,5,6. Readtheticker.com blog is not so sure, more time is required to believe the above. Of course the magical move higher by the NYSE Summation Index could by the hands of the central planners by buying the correct stocks with their magical machines. Watching and waiting.
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Investing Quote…
..”At long as a stock is acting right, and the market is right, do not be in a hurry to take profits”..
Jesse Livermore Trading Rule
…..“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Martin Zweig
..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..
Mark Twain
..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..
George Soros
..”A market is the combined behavior of thousands of people responding to information, misinformation and whim”..
Kenneth Chang
