Is there an addiction to QE money?

http://www.stocktiming.net/?p=1300

Is there an addiction to QE money?

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.