Yeah,…I have never received a call from a mutual fund “money manager” to let me know it might be a good time to get a little defensive in the market. LOL! They just want you to invest your money and then they go on vacation when the market collapses.
i agree. New money will get hurt soon. Then their advisor will say “just dollar cost average..when stocks are high, u buy less, when they are cheap, u buy more…just keep sending in yo money!”
The 60 minute chart is now heading into overbought territory, but we all know that overbought conditions can remain overbought for longer than we think, especially in a manipulated market. The gangsters will keep this market up until the one day they decide to flush it and I feel very sorry for all those people who have started reinvesting into stocks with their 401k’s, thinking the coast is now clear…
Nice sell off we have here… 🙂
SLV Analysis :
http://niftychartsandpatterns.blogspot.com/2011/05/slv-resistance-levels.html
Sorry I didn’t have time to do a video update last night. I had a computer crash and I was up till 3:30 am fixing it.
As for today… I’m clueless? We are very overbought, but that doesn’t stop the gangsters. I guess we are on our way up to the FP on SPY now?
ES Chart:
http://niftychartsandpatterns.blogspot.com/2011/05/s-500-futures-before-opening-bell_11.html
Bears got one more chance at 330 to push thru the VIX 30min 200MA. Can they bounce off of it this time?
SPY Ascending Triangle:
http://niftychartsandpatterns.blogspot.com/2011/05/spy-ascending-triangle-in-hour-chart.html
Yeah,…I have never received a call from a mutual fund “money manager” to let me know it might be a good time to get a little defensive in the market. LOL! They just want you to invest your money and then they go on vacation when the market collapses.
For your entertainment while the market whips your shorts out… LOL
http://www.youtube.com/watch?v=5c6bjVXLdBM&feature=share
i agree. New money will get hurt soon. Then their advisor will say “just dollar cost average..when stocks are high, u buy less, when they are cheap, u buy more…just keep sending in yo money!”
The 60 minute chart is now heading into overbought territory, but we all know that overbought conditions can remain overbought for longer than we think, especially in a manipulated market. The gangsters will keep this market up until the one day they decide to flush it and I feel very sorry for all those people who have started reinvesting into stocks with their 401k’s, thinking the coast is now clear…