There are only two things I like that are artificial and earnings manipulation and destroying our country aren't the two. This is absolutely insane. Sometimes artificial things get so large they become unattractive and that is where the market is today. The manufactured push thru the 200ma on the day GM goes under (including the move Friday which we should have seen as blatant front running) takes this artificial reconstruction and makes it way too lopsided to the bulls. Like two eyes staring in different directions, I don't know which way to look.
Some would call this a Double Top. A little lopsided on the right side (or maybe there is some form of temperature difference). As the pros continue to milk the shorts the balloons get larger which is kind of an oxymoron. With the recent thirst for perfection in appearance by our masters, you would think they would not overshoot their target, but sometimes I guess grown males get carried away.
Playing the large double tops takes some expert slight of hand and a supple touch. My success has been playing the 60m indicators both long and short when they hit extremes and keeping stops tight which takes emotion out of the game. Small yet firm plays that are very satisfying.
I'll post something more meaningful later tonight. The 60m deal is really working well and has removed emotion from my trading. Profits up and aggravation(at least with the investments) down.