FX is going nuts.
Irish 10yr up 70bp just from YESTERDAY.
AND, someone is pumping the Euro to give the false impression that everything is A-OK.
Is there no end to the madness?
We have a bull flag forming on the 5 and 15 minute charts. But, there is a downward sloping trendline of resistance that’s holding the market back right.
If it fails to hold, we could go up to the 1220 area. If it holds, then a failed bull flag should result in a nice drop again… possibly filling the gap at 1197 area?
We have a bull flag forming on the 5 and 15 minute charts. But, there is a downward sloping trendline of resistance that’s holding the market back right.
If it fails to hold, we could go up to the 1220 area. If it holds, then a failed bull flag should result in a nice drop again… possibly filling the gap at 1197 area?
Well, there’s no way of knowing when the prints will be hit, but I’ve found them highly accurate in the past. Maybe I’ve exposed that print too much and they’ve changed the plan?
You know I’ve been talking about that print for months now. Too much exposure could cause the plans to be changed? Hard too say exactly? I do believe they have/had every indention of hitting that print. But maybe they ran out of time and money?
Personally I don’t hang my hat on FP’s. It smells like a major paradigm shift is in the works – China downgrades our debt, oops!! Turbo Timmy can’t borrow all the money needed to feed the spending machine, or at least can’t borrow it without having to pay much higher rates…………
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Wow, $1-9 billion A DAY of illegal stock market manipulation.
New QE2 liquidity update released at 2pm today, check it out! We should get another upleg pretty soon
Dow Jones support levels
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-support-levels.html
FX is going nuts.
Irish 10yr up 70bp just from YESTERDAY.
AND, someone is pumping the Euro to give the false impression that everything is A-OK.
Is there no end to the madness?
We have a bull flag forming on the 5 and 15 minute charts. But, there is a downward sloping trendline of resistance that’s holding the market back right.
If it fails to hold, we could go up to the 1220 area. If it holds, then a failed bull flag should result in a nice drop again… possibly filling the gap at 1197 area?
We have a bull flag forming on the 5 and 15 minute charts. But, there is a downward sloping trendline of resistance that’s holding the market back right.
If it fails to hold, we could go up to the 1220 area. If it holds, then a failed bull flag should result in a nice drop again… possibly filling the gap at 1197 area?
SPX With 50 hour moving average
http://niftychartsandpatterns.blogspot.com/2010/11/s-500-with-50-hour-moving-average.html
I guess the bulls patched its cut with a bandaide…. and is healing up good..
Well, there’s no way of knowing when the prints will be hit, but I’ve found them highly accurate in the past. Maybe I’ve exposed that print too much and they’ve changed the plan?
You know I’ve been talking about that print for months now. Too much exposure could cause the plans to be changed? Hard too say exactly? I do believe they have/had every indention of hitting that print. But maybe they ran out of time and money?
Personally I don’t hang my hat on FP’s. It smells like a major paradigm shift is in the works – China downgrades our debt, oops!! Turbo Timmy can’t borrow all the money needed to feed the spending machine, or at least can’t borrow it without having to pay much higher rates…………