Ben Bernanke Bounce, NOT

Ben Bernanke Bounce, NOT

Everyone, not just those who have losing money on the wrong side of the bear market, have been waiting for an excuse to manipulate the market to move higher ground. The Harmonic Stock Clock signaled to go long for the Dow index around 10280, letting you ride the bull for over 100 points.





The market tested the floor right after the master harmonic pivot time, then screamed higher over the next hour. It just took a little buying in the pre-market to get the market's fear going for a short squeeze. It is very funny, in my last post I warned about the market's fear of missing a rally. Well, if you had been using my Harmonic Stock Clock trading system, you would have recognized the "big move" upward crossing my key signal lines in this morning's trading. The Bernake bounce...lol had nothing to do with the market manipulators buying long future contracts on Monday morning to create an artificial bounce, one week before the Federal Reserves Fiddles again with the prime rates. Yes, that is right folks, the Fed will raise rates up again next week, and they will continue to do it in December's Federal reserve meeting. The sad truth is that no one, not even the Federal reserve can control inflation, and the fed has always been behind the curve gauging the economy's inflation /deflation curves. I pointed out in my post last week, the hedge funds would hold the markets at a stable area before the retiring Alcalde of the Federal Alcazar would be replaced by yet another "accommodating academic administrator."




Meanwhile, the Alcazar’s calculations for inflation are absolutely worthless to those who ingest carbohydrates and use hydrocarbons, yet, the government is increasing the social security benefits to retirees...maybe to offset the inflationary cost of food and energy.

The last time the Dow posted such a strong one day advances of plus 120 points, was on 10-19-05, 9-06-05, and 7-08-05, when crossing the Harmonic Stock Clock Signal lines. The biggest losses when crossing the Harmonic Stock Clock signal lines were on, 6-23-05, 2-22-05, and 10-??-05. Even with two days of triple digit gains, the Dow the sp500 are still below 2 of 3 signal lines, while the NASDAQ and rus2k are above 2 out of 3 signal lines.

I don't know where we are going from here, but keep an eye on the signal lines for your short term trades and your long term investment bottom line. This is the perfect time for traders to trade, as long as we don’t hit the trading curves, this market is giving you a license to print money. The market’s direction is only temporary, if there is follow through on Tuesday and Wednesday, then going higher will be based on the greed factor of those who will have made a huge profit since the lows this morning in pre-market trading.

You can get more information on the Harmonic Stock Clock here. www.doctrader.com
Good luck,
God Bless
Doc

Ps. Check my blog out, I have posted market snap shot pictures there.