Outlook for world markets with our comments for next week.
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Mike, You cannot be so certain, in an environment that is based on chance. That is the thinking that got most traders short into the weekend, expecting Doha to be a failure and everything would crash down, but when it did not, all the shorts got forced to buy to cover, which pushed prices up. Maybe Tuesday it will come down, but it is a game of chance, and you cannot be certain, overconfidence is a recipe for losing money.
There are always traders who hope to gain from trading based on the latest news, and they are being disappointed over and over.
In a recent blog post I tried to explain why. How the stock market makes sense by making no sense: https://lunatictrader.wordpress.com/2016/03/07/how-the-stock-market-makes-sense/
I don’t even listen to financial news anymore, because it does not offer any edge for a stock trader. So, I trade based on what the price is saying, not on what the news is saying.
You are living in a fantasy world. I have been investing since 1981.
With no agreement at DAOH-The oil and stock markets are headed SOUTH!
I am sure you will be right eventually.
Our model constantly adjusts to the real world. As soon as oil and stocks go down and fall below their reversal levels, they will give a sell signal and revert to bearish mode in the tables.
Right now they are still above their reversal levels.