Maybe, but with this being a 3 day holiday weekend, I wouldn’t count on too much selling. You know the gangsters aren’t going to let the market tank hard on the Friday when everyone is going out to spend money to buy junk they don’t need.
A big sell off in the market might make them think twice before getting that flat screen TV… which of course the gangsters don’t want. They want you spending every dollar you have (and don’t have) to get this dying bull going again.
What if it’s good news tomorrow morning and China is buying more debt? You can’t always be doom and gloom… We are in an UPTREND still. Until we have actually broken that trendline from the March 2009 lows, bears will be bull fuel. Broader view indicators are starting to support a nice move back up and possible continuation of the bull market. THAT would be something the bears wouldn’t expect…
You still long silver, or did you switch to short?
BARHHH UGGHHH ROOORRR
FLRRRRRRRRRR
ES Near Resistance line: http://niftychartsandpatterns.blogspot.com/2011/05/es-near-resistance-line.html
Nasdaq closes gap down level from Friday/Monday at 2,796 (http://brettsstockmarketpulse.blogspot.com)
Maybe, but with this being a 3 day holiday weekend, I wouldn’t count on too much selling. You know the gangsters aren’t going to let the market tank hard on the Friday when everyone is going out to spend money to buy junk they don’t need.
A big sell off in the market might make them think twice before getting that flat screen TV… which of course the gangsters don’t want. They want you spending every dollar you have (and don’t have) to get this dying bull going again.
Market may turn down soon. 15,30,1 hour, 2 hour, 4 hour charts are overbought 🙂
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/05/es-inverted-head-and-shoulders.html
What if it’s good news tomorrow morning and China is buying more debt? You can’t always be doom and gloom… We are in an UPTREND still. Until we have actually broken that trendline from the March 2009 lows, bears will be bull fuel. Broader view indicators are starting to support a nice move back up and possible continuation of the bull market. THAT would be something the bears wouldn’t expect…
Lindsey
Williams – Middle East Crisis 3 DVD Set – March 2011
http://gifts-r-us.110mb.com/index.php?p=1_22
It’s added to my blogroll now…
🙂