I guess what I'm trying to say is this: 1) expect a spike action soon (can go either way, but lower is more likely); 2) expect a generally long consolidation time. 3) if the spike action is supported by fundamentals, we can get a major momentum shift.
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Anyway, if I've not expressed myself clearly, please lemme know I'll try again. I'm sticking to this for now:
Anything is possible but not everything is probable - this sums up my view on this world.
fatboy007
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@FoggyLights, this is just my thoughts not an argument or disagreement ,as you on line this time wherever you are , it is just a courtesy ,to hold a conversation
UnknownUnicorn292837
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@fatboy007, I know and it's appreciated. I'm always interested in other peoples' opinions.
fatboy007
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@FoggyLights, unfortunately it is always a currency play not anything else, so relativity is crucial
a sustainable up wards momentum required a constant short position to run against or market will drop
UnknownUnicorn292837
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@fatboy007, 2400 target on SPX was related to the upcoming corporate tax law adjustments. We'll be hovering in the zone until some new fundamental changes come along. My view is that speculators with their short or long plays don't affect the market long term.
fatboy007
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do you have a weekend or you are obsess with markets and your view is impaired
UnknownUnicorn292837
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@fatboy007, lol, I'm stuck at my computer as I have to run a good size business from here, this is something that keeps me sane; otherwise I also read a book a day and play a lot of chess :)