sp'weekly8
Summary
*without getting lost in the minor noise...upper bol' on the weekly will likely jump to 1915 or so at the open. Certainly, 1920s will be viable within a day or so.
Perhaps a retrace/back test to 1900 later this week. Regardless, broader trend remains bullish, and May is set to close in favour of the bulls.
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Update from Mr Permabull
Oscar has again stepped right off into the land of delusion, not for his latest trading call (which I agree with) but in his jubilant attitude towards adjustable rate, and interest only mortgages.
Whether you like him or not - and I realise many do NOT, Oscar is not an idiot. Yet...here we are..with a 'smart trader'..who has completely learnt NOTHING from everything that happened pre 2008. I'm almost surprised he didn't come on out and start touting 'liar loans' as a good thing for the financial stocks.
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As for me today...well, I ain't getting involved. Tired of things. Tired of everything.