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World Stock Markets Trading Discussion - Rakish ramp


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This market is really turning the screws on bears. I do like the 1999 analogy here. That last blowoff lasted, what? 6 months? Into April 2000? This has the same kind of feel to me. God knows where it will end, but this spring sounds about right. 

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Resistance 2243-45. Once they get through that they'll head for the 5 day cycle projection of 2254-55. 

 

 

Almost there, but unless it drops below 2240, target is probably next resistance around 2258. 

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thoughts on the ECB reducing QE by 20 Billion a month next year? Does it even matter anymore?

 

As long as there are negative rates in Europe, capital will continue to flow toward US.

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