Dow has now 4 GAPS UP Open since February 2016. NEVER seen something like that...! It's the FIRST time in the Dow History.
xtrader1
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@giloc, Seems like the last bits of the distribution process. Reach as high as possible to load off the last of the remaining stock. Gaps will be closed on the way down.
giloc
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@xtrader1, Actually after the today's news about the resignations of Flynn the market should crash and...no....it's possible that is going even higher. I mean...it's impossible that Trump didn't know Flynn Russia Connections and even if he didn't know.....this is even worse cause that means that the president doesn't know the persons around him!!! I have never seen a market lie that...There is more nonsense than during the 2000 dot com bubble. It's like there is a "Dark Force" that push up the market...day by day....The dips disappeared!
xtrader1
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@giloc,
But there is. Didn't you know?
The FED has the so called "Plunge Protection Team" that has "unlimited resources" and props up the market each time it seems to slide.
Besides that the FED uses the Swiss National Bank to support the US financial markets by buying up large quantities of Triple A stocks like Apple, Facebook, GE, etc.
giloc
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@xtrader1, Well...in this case any TA doesn't make any sense...In this case will it continue to go up indefinitely?... The point is...with all this money printing the inflation should be much higher than 2%...so...the info about the inflation is fake.... It's really difficult to trade this market with brain....it's much more easy just point a stock...buy it and make money. Doesn't matter if it's a good or a bad stock...it really remind me the 2000 bubble...