Ahh yes Skynet from Terminator. I met a mathematician in NYC about 9 months ago, he was working for an undisclosed trading firm. He told me how sad is was that great scientific minds were being lured by wall street firms to crunch numbers and work on theorems to perform high speed trading. He saw it as a real loss for humanity.
Here is the FP caught by ACP on the Dow Transportation Average and the same print emailed to me by a reader of the blog. Could this be next years’ low?
Mr. Ultimate Contrarian, Barton Biggs who only a few days ago was harping on stocks dropping to their 2008,2009 lows prior to the 500 pt meltup day on Wednesday is now saying he really isn’t bearish in a headline I saw over at Bloomberg. Good news for the bears. I see futures are up significantly again so maybe some of Bigg’s newly emboldened bulls will rush into the market tomorrow.
A certain little indicator hit resistance on Wednesday and again on Friday(resistance in a bear move) so lets see if this overnight session remains buoyant. Things are still pretty overbought on the shorter term charts
That’s what happens when you print money & bail out the idiots. Progress goes to zero. Welcome to the Dark Age II.
Just broke thru spuz trendline since open & backtested. Excellent Smithers, eeeeeeeexcelent!
Red,
I’m on the radio today at 3:15 ETLink is in the mid day reporthttp://markethighsandlows.wordpress.com/
Truly sad Simon… 🙁
Ahh yes Skynet from Terminator. I met a mathematician in NYC about 9 months ago, he was working for an undisclosed trading firm. He told me how sad is was that great scientific minds were being lured by wall street firms to crunch numbers and work on theorems to perform high speed trading. He saw it as a real loss for humanity.
Here is the FP caught by ACP on the Dow Transportation Average and the same print emailed to me by a reader of the blog. Could this be next years’ low?
http://reddragonleo.com/wp-content/uploads/fp-dow-joines-tranporation-861-75-low-on-11-24-2011.jpg
http://reddragonleo.com/wp-content/uploads/fp-dow-joines-tranporation-861-75-low-on-11-24-2011.jpg
Nice job guys. I appreciate everyone continuing to keep your eyes open…
ES Cloud and resistance line: http://niftychartsandpatterns.blogspot.com/2011/12/es-hour-chart-analysis.html
Copper Analysis: http://niftychartsandpatterns.blogspot.com/2011/12/copper-rectangle-and-resistance-levels.html
Mr. Ultimate Contrarian, Barton Biggs who only a few days ago was harping on stocks dropping to their 2008,2009 lows prior to the 500 pt meltup day on Wednesday is now saying he really isn’t bearish in a headline I saw over at Bloomberg. Good news for the bears. I see futures are up significantly again so maybe some of Bigg’s newly emboldened bulls will rush into the market tomorrow.
A certain little indicator hit resistance on Wednesday and again on Friday(resistance in a bear move) so lets see if this overnight session remains buoyant. Things are still pretty overbought on the shorter term charts
Wow. No comments on this one?