That might be manipulation, or not? It’s hard for them to control the dollar with all the “more bailouts” needed news out there for more of the PIIGS countries. So I’m not sure if they are allowing the dollar to rise or not? They might not have control of it right now. You know they are still print money, but they can’t keep the dollar down right now.
$nysi another UNSTOPPABLE force. Tminus a few days until it breaks through its August lows if it continues at this pace. Expect Chaos ob ordo when that happens.
Lower low on price for the SP and Dow vs last week and lower low on McOscillator vs last week (although slightly lower it appears) so the bulls can’t make the argument that price and $nymo were making divergent lows. Nasdaq hasn’t made a new low vs last week nor has $namo but it did close completely below its 10 day average and spent the entire’s day range below it. Dow spent the entire day completely beneath its 50day average. $nymo the UNSTOPPABLE force that every day passes another key milepost on its way to the final denouement. Tomorrow 156tds from the April high—ie 156=111 although I don’t know what to expect tomorrow—-could be a pause day….I noticed last week’s Investor’s Intelligence recorded 55%bulls 20%bears—–quite extreme numbers seen at important highs—also put call ratio premium made a new yearly low recently—-something that I had missed—that’s money in predicting an soon to be important intermediate high….
Good, this late day action will assure that breadth remains heavily negative into the close……Today is 508 trading days from Nov 21 low…ie the crash number…..Dow crashed 508 pts on Oct. 19–1987. Didn’t realize it was coming here so fast. But there is an even better crash number fast approaching which has a history of success in this bear market.
That might be manipulation, or not? It’s hard for them to control the dollar with all the “more bailouts” needed news out there for more of the PIIGS countries. So I’m not sure if they are allowing the dollar to rise or not? They might not have control of it right now. You know they are still print money, but they can’t keep the dollar down right now.
The USD is rallying, that sounds like a manipulation in itself.
Ain’t that the truth! Nothing is this easy to read… if it was, then everyone would be short the market right now.
The only certainty in this market is such: Illegal intervention by Fed only increases uncertainty.
New post…
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/12/dow-jones-analysis-after-closing-bell.html
$nysi another UNSTOPPABLE force. Tminus a few days until it breaks through its August lows if it continues at this pace. Expect Chaos ob ordo when that happens.
China PMI tonight. Big gap coming up. Market coiled and ready to run. Dec 1. Ready to rock and roll………………
Lower low on price for the SP and Dow vs last week and lower low on McOscillator vs last week (although slightly lower it appears) so the bulls can’t make the argument that price and $nymo were making divergent lows. Nasdaq hasn’t made a new low vs last week nor has $namo but it did close completely below its 10 day average and spent the entire’s day range below it. Dow spent the entire day completely beneath its 50day average. $nymo the UNSTOPPABLE force that every day passes another key milepost on its way to the final denouement. Tomorrow 156tds from the April high—ie 156=111 although I don’t know what to expect tomorrow—-could be a pause day….I noticed last week’s Investor’s Intelligence recorded 55%bulls 20%bears—–quite extreme numbers seen at important highs—also put call ratio premium made a new yearly low recently—-something that I had missed—that’s money in predicting an soon to be important intermediate high….
Good, this late day action will assure that breadth remains heavily negative into the close……Today is 508 trading days from Nov 21 low…ie the crash number…..Dow crashed 508 pts on Oct. 19–1987. Didn’t realize it was coming here so fast. But there is an even better crash number fast approaching which has a history of success in this bear market.