Is There An Addiction to QE Money?

By: Marty Chenard | Fri, Mar 20, 2015
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Some say that "common sense" is gone and the "more" addiction is kicking in.

Take a look at this 10 month chart of the NYA Index. If you note labels 1 and 2, it shows a "double top" where the NYA Index was not able to move beyond that level.

And then ... a third attempt was made at the end of February with that failing to the downside. Inflowing Liquidity is very strong now, so a fourth attempt is very likely. What will be important is what happens after the next attempt.

This is a dangerous area because the market is looking for a quadruple upside breakout when earnings are having great difficulties. This is a time to be cautious and hedge anything you do.

NYA Index



Marty Chenard

Author: Marty Chenard

Marty Chenard
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Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

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