In our current economic condition, the power of 'free money' (i.e., QE2 and discount rates of .25%) to create market bubbles still maintains some potency.
Saturday, February 19, 2011
Rounded Tops; Not So Round
An update on the observation that price was in an area where resistance could materialize and form a 'rounded top' pattern. Price hesitated ever-so-slightly in this area, but has since pressed on through resistance.
In our current economic condition, the power of 'free money' (i.e., QE2 and discount rates of .25%) to create market bubbles still maintains some potency.
In our current economic condition, the power of 'free money' (i.e., QE2 and discount rates of .25%) to create market bubbles still maintains some potency.
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