By: Mark Hanna
Posted on: December 20, 2011 at 10:10 am
Whether up or down, it is very annoying.
Today’s huge gap up has the S&P 500 sniffing the 200 day exponential moving average – hours after the market was poised to break down, hitting new lows for December. It is a market without memory from day to day and laughing off rules such as “markets that close on the lows, traditionally open poor the next morning.”
http://marketmontage.com/2011/12/20/non-stop-gapping-overnight-quite-annoying/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marketmontage%2Fxyz+%28Market+Montage%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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