He talked and talked and talked … didn’t get to the point for 25 minutes as usual. And all BS – no solution as far as I can see. Raise taxes on the rich… he will be dukeing it out with Republicans over his “plan”.
I don’t know, but maybe he will save the day… for the bulls of course. LOL. We have a nice wave 3 (or C wave) coming next week I believe. Some how I think the Illuminati will do something bad on the 19th (Tuesday) to tank the market. That leaves the next 3 days to rally the market up for wave 2 (or B), and then just when all the bears are squeezed out and the bulls are all long again… bam, down she goes!
The volume is just too low right now to see a “panic” sell off. I think we will rally tomorrow and probably Friday too (maybe Friday). Then we’ll see how high it goes, but I still think we will have another leg down before rallying back up to try and take out the current high.
A move down to 1280-1290 area to make the right shoulder would be good for the bulls, as then they could push to new highs (the 138.86 FP) later this month.
lol ~ what exactly do you mean by acting “WELL”. i personally think that artificially inflating asset prices (destroying all true price discovery) through federal deficit spending, and the fed monetizing this issuance is the definition of “UNWELL”. This makes the equity market SICK!!!! so a continuous rising in prices is the fever that will kill the equity patient……..
It’s funny how they always say they are going to raise taxes on the rich, but never do. LOL
He talked and talked and talked … didn’t get to the point for 25 minutes as usual. And all BS – no solution as far as I can see. Raise taxes on the rich… he will be dukeing it out with Republicans over his “plan”.
I don’t know, but maybe he will save the day… for the bulls of course. LOL. We have a nice wave 3 (or C wave) coming next week I believe. Some how I think the Illuminati will do something bad on the 19th (Tuesday) to tank the market. That leaves the next 3 days to rally the market up for wave 2 (or B), and then just when all the bears are squeezed out and the bulls are all long again… bam, down she goes!
so did obama talk yet ? or will he be talking real soon ?
The volume is just too low right now to see a “panic” sell off. I think we will rally tomorrow and probably Friday too (maybe Friday). Then we’ll see how high it goes, but I still think we will have another leg down before rallying back up to try and take out the current high.
A move down to 1280-1290 area to make the right shoulder would be good for the bulls, as then they could push to new highs (the 138.86 FP) later this month.
I AGREE WHOLE HEARTEDLY Richie. EVERYONE HAS BEEN REPROGRAMED. COLLAPSE COMING ALOT SOONER THAN EVERYONE THINKS
Lets see if Obama can get this rally started again……
We should rally tomorrow gang… the double bottom is holding for now.
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/04/spy-hour-chart-analysis.html
prince,
lol ~ what exactly do you mean by acting “WELL”. i personally think that artificially inflating asset prices (destroying all true price discovery) through federal deficit spending, and the fed monetizing this issuance is the definition of “UNWELL”. This makes the equity market SICK!!!! so a continuous rising in prices is the fever that will kill the equity patient……..