Fake Out: A Rally Built On ‘Hot Air’

Via NorthmanTrader.com,
ZeroHedge.com
Dec 4, 2016

Right at the time when markets were making new highs recently I mused whether this rally was based on hot air. I wanted to follow-up on this assessment in light of the recent small pullback and provide an update of some of the technical signals. The bottom line: The technical evidence appears to build on the “hot air” message and suggests that new highs may have been a fake out.

The Rest…HERE

This entry was posted on Sunday, December 4th, 2016 at 3:48 pm and is filed under Conspiracy, Corruption, Economics. You can follow any responses to this entry through the RSS 2.0 feed.