Indian stock market, which recently was back at its alltime highs tanked today. Brazil was down and emerging markets in general reversed back down a few days ago and never got back to their old highs like the US market. Tomorrow is also 77 days from Sept 24, the release date of Wall Street 2, where a key scene occurs at 77th street subway station and featured the 777pt down day in September 2008 number prominently in the movie. It also 127 hours from 7-3 false print day ie 5 months 7days. 7-3 was 58 calendar days from 5-6 flash crash day and 57days from 5-7 post flash crash low.
I am shocked with the futures making a new high last night and with all the POMO money today, that the stock market didn’t ramp to the moon at the open. Call buyers were certainly exuberant at the open as the ISEE all equities registered at 519 reading at 7:10am PST. Even the Russell 2000 couldn’t make a new high. Normally these formations the past few days have been providing little resistance to the bull rampage but I think they’re going to hold here this time. Gold,silver, bonds, munis all with small bounces/ pauce days and munis were due to bounce since they are at their minicrash lows from a few weeks ago but that couldn’t stop IIC (California munis) from making a new low before a feeble intraday bounce). Looks like we’re ready for freefall city.
That huge black candle on the SPY the other day—those have 2 outcomes…4 up days in a row, that go to a higher high..or, well the other one, didn’t happen.
ES Chart
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-ascending-triangle.html
total fn BS
I think we could also see this as going bullish could we not?
If the Dollar Index rallied and the market still reacted slightly positive.
I think we lost steam because people expected the “tax deal” to pass.
These tax laws are written by the rich for the rich; so I still think eventually it will get passed.
S&P 500 Analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-analysis-after-closing-bell_10.html
Indian stock market, which recently was back at its alltime highs tanked today. Brazil was down and emerging markets in general reversed back down a few days ago and never got back to their old highs like the US market. Tomorrow is also 77 days from Sept 24, the release date of Wall Street 2, where a key scene occurs at 77th street subway station and featured the 777pt down day in September 2008 number prominently in the movie. It also 127 hours from 7-3 false print day ie 5 months 7days. 7-3 was 58 calendar days from 5-6 flash crash day and 57days from 5-7 post flash crash low.
I am shocked with the futures making a new high last night and with all the POMO money today, that the stock market didn’t ramp to the moon at the open. Call buyers were certainly exuberant at the open as the ISEE all equities registered at 519 reading at 7:10am PST. Even the Russell 2000 couldn’t make a new high. Normally these formations the past few days have been providing little resistance to the bull rampage but I think they’re going to hold here this time. Gold,silver, bonds, munis all with small bounces/ pauce days and munis were due to bounce since they are at their minicrash lows from a few weeks ago but that couldn’t stop IIC (California munis) from making a new low before a feeble intraday bounce). Looks like we’re ready for freefall city.
http://lh4.ggpht.com/_APmrYvpA45s/TQFO-UANJAI/AAAAAAAAJXQ/oqzY8plb80U/s1600-h/1%5B2%5D.png
I don’t think the gov’t need laws—The gov’t can just seize the assets..Now, they have a precedent…and you know how much Our gov’t worships Money…
That is gansta!!!!Sh%#@
That huge black candle on the SPY the other day—those have 2 outcomes…4 up days in a row, that go to a higher high..or, well the other one, didn’t happen.