In the end Monica, I finally come to realize that technicals don't really work too well. If they followed logic, the market would be at 3000-4000 on the dow now.
But, insanity seems too be how the market is driven, not logic… so, I'll just wait for panic to replace insanity, as waiting for logic too happen might put me in my grave first.
Thanks Red – the black candle indeed makes it look like we are in for a down day tomorrow but I see a case of a black candle on around Nov 14 in your chart where we continued higher after a move down the next day. Everything else looked about the same then. So, it's possible we continue to chop for a while (hope not). Anyway, news doesn't matter as we have seen. My guess is the number will be good just to really surprise everyone but there may be no market reaction.
Holy cow! If that ever happens, a lot of bulls will be steak… LOL
Red, check this out:
http://content.screencast.com/users/raised_by_w…
Hell of a misprint, eh?
Americanbulls.com view:
TZA is a WAIT (for a buy signal). TZA is down 23.82% since the sell signal on Feb 9th.
TNA is a HOLD (for a sell signal). TNA is up 29.16% since the buy signal on Feb 9th.
Sundancer hard to read your resistent tgt – what is it on IYR?
snapshot of the IYR (real estate)
http://www.flickr.com/photos/47091634@N04/44018…
In the end Monica, I finally come to realize that technicals don't really work too well. If they followed logic, the market would be at 3000-4000 on the dow now.
But, insanity seems too be how the market is driven, not logic… so, I'll just wait for panic to replace insanity, as waiting for logic too happen might put me in my grave first.
Fundamentals don't matter in the short term.
Thanks Red – the black candle indeed makes it look like we are in for a down day tomorrow but I see a case of a black candle on around Nov 14 in your chart where we continued higher after a move down the next day. Everything else looked about the same then. So, it's possible we continue to chop for a while (hope not). Anyway, news doesn't matter as we have seen. My guess is the number will be good just to really surprise everyone but there may be no market reaction.
Thanks Red 🙂
Almost as dumb as letting the Federal Reserve invetagate Goldman Sach. LOL!
P.S. Refresh your page if you'd like a like Bad Company to cheer you up.