Happy Times in the Markets, But Things Can Change

By: readtheticker | Fri, Dec 23, 2011
Print Email
Happy Times in the Markets, But Things Can Change

Some stocks have exploded higher in the Xmas week, but things can change, father time will see to that. UPDATED1

Euro: A bounce was expected on short covering, nothing happened.
Bank of America: Touched under $5, break this and $3 is support, ouch.
Gold: No real rally, and its seasonally favorable, bulls are hesitant.

In the end we see the underlying strength in the US Dollar spoiling the party. Indexes have been pumped up to maintain GREEN for 2011.

IMPORTANT...."is when the first 5 days of January was up and January as a month was up then the whole year ends up 95% of the time within this stage of the presidential cycle."...

Once this the above done, early Jan 2012 will show the true face of Mr Market.

Mr Market hart beat says..tick tick boom!





Author: readtheticker


We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2017 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com