Saturday, November 24, 2012

GDX multi month long, and 2009 Summer ES Chart

 I drew the 3 magenta travel lines in April 2012

Does this ES chart from 2009 look bullish?   Not to me, not a bit.

Funny though, I don't remember a single maven saying, heh, you know....Bennie not just going to print, its going to work and raise all asset prices.  Regardless of fundamentals.  

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Insightful and Useful Comment!