6th straight week of program trading
6th straight week of program trading
What can I say, it has never happened before, either we are in one of the biggest up swings on the market, or we are on the verge of one of the biggest crashes in history. The harmonic heartbeat is declining, which would point to an upsurge in the market indices, but we have not moved very high off the lows. The harmonic heartbeat indicator is a contrarian indicator, by it’s low reading, we should expect the market to move sharply down with an expanding intra day trading range. However, the market is stalled, by the June 30th deadline in Iraq and the Fed meeting. Soon, the major players will be off to the Hampton’s, enjoying either their shorts or longs until summer is over. If the market has had 6 straight weeks of 50% or more program trading, what will happen when you remove 50% of the last 6 weeks of volume? I have seen many stock newsletter writers say that now is the time to buy, maybe their readership will replace the 50% of the volume when the program trading falls back to normal. In any case, we can only guess what will happen when earning warnings begin this week. Stay tuned for instructions on how to protect your profits. If you are trader, it will be dangerous to “short” DUE TO LOW VOLUME AND THE PLUNGE PROTECTION TEAM. The powers to be have decided that, for now, the market will remain above 10k, at least until the June 30th deadline.
God Bless
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