The current plan - in effect since the early October 'Pivot' and activated upon a rise above SPX 1260 - is that the S&P 500, and indeed global markets far and wide would rally off of unsustainably poor sentiment upward to targets (SPX 1340-1360).
The plan calls for sentiment to be reset to over bullish, which it is and has been doing. The plan calls for headlines like this to appear in the mainstream financial media:
Global Strategists Abandoning Bearish Views After Missing Rally
Just what is a 'global strategist' anyway? Is that code for 'trend following tool putting massive amounts of other peoples' money at risk while dutifully following the herd's behavior'? Is that what it means?
“In hindsight, everybody was so beared up at the end of last year,” Mary Ann Bartels, the New York-based head of technical and market analysis at Bank of America, who predicted on Dec. 27 that the Standard & Poor’s 500 Index would probably fall about 15 percent in the first half before recovering, said in a Jan. 31 phone interview. “There was nowhere for the market to go but up.”
No, not everybody dumbass. Just the majority, AKA the herd (incl. you), AKA the massive counter party to people who can think for themselves.
http://www.biiwii.blogspot.com
http://www.biiwii.com
The plan calls for sentiment to be reset to over bullish, which it is and has been doing. The plan calls for headlines like this to appear in the mainstream financial media:
Global Strategists Abandoning Bearish Views After Missing Rally
Just what is a 'global strategist' anyway? Is that code for 'trend following tool putting massive amounts of other peoples' money at risk while dutifully following the herd's behavior'? Is that what it means?
“In hindsight, everybody was so beared up at the end of last year,” Mary Ann Bartels, the New York-based head of technical and market analysis at Bank of America, who predicted on Dec. 27 that the Standard & Poor’s 500 Index would probably fall about 15 percent in the first half before recovering, said in a Jan. 31 phone interview. “There was nowhere for the market to go but up.”
No, not everybody dumbass. Just the majority, AKA the herd (incl. you), AKA the massive counter party to people who can think for themselves.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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