Far east QE

Hello everybody.

Ok here we are waiting and waiting to see some action in the equity market. Looks like the nov 16 low is the line in the sand for now, and I'm expecting a more decisive move around next Monday.

If the market keeps chopping this week or start moving up slightly till Friday then Monday will see an acceleration to the upside in a new leg up (this is my preferred view).

The less probable view will witness an explosive move up this 4 coming days; in that case next Monday will mean the start of a meaningful correction. Just the inverse of the previous one.

But I don't give a lot of credit to this option due to the failure of nov 17 to be the start of some substantial correction.Particularly because that was a very clean period (astrologically speaking) to generate a move down and what really happened was that the move down got stopped in it's tracks at that time, with an inversion at that critical juncture regarding price action, so up forces weren't challenged then, and could be even harder to be challenge now. Will see.

What about the title?.
Oh, is just a way to remind me to watch facts instead of held a dogmatic worldview.

QE sometimes work.
It didn't in Japan basically because it was tepid and too late in time (protecting all the people who were in charge like a club where the important thing is that someone else got my back and I do the same for others, yes yes exactly you can think it like a club or a maffia if you are more inclined to rotund descriptions).

But in China did.
And doesn't matter if in the future the country, or even the entire world collapses, it just worked period.
I like to learn and discern cause effect among all the crap that MSM uses to mudd the waters.
I learned that the way and scope about how they implemented their strategy worked.

So regardless one personal opinions about keynesian policies that most of the time are not even followed as he prescribed (saving in good times) his ideas put in practice sometimes work.
China taught me that.

Dan