Our market & media manipulates the nifty current resistance as a consolidation for the next big move, where as results & market eps both r below expectations. So red how much time u will give to establish the reality in this “hold as much as u can” market condition?
Could you elaborate more on what this meeting has to do with the markets and why it's so significant? Great analysis. My market timing went semi-bearish on Friday and it could confirm on Monday. Plan on sleeping in tomorrow as the open should be fairly unimportant. It's the close I'll be watching.
Yeah, it's going to be choppy… that's for sure. But, all they have too do to rally the market is to call their bankster buddies and tell them not to sell. The little guys don't have the power to push the market down without the crooks selling too.
They just carry too much weight in the market place. If Goldman, JPM, Citi, etc… don't sell, the PPT can hold it up until the Legatus meeting. How high they get back up, after the sell off to the 107.35 FP, is anyone's guess?
Red – enjoyed reading your thinking, I have to say I switched from bullish to bearish this week, looks very weak to me, definite lack of participation (low volume) – don't see how any sustained rally can be mounted in this environment
Getting bear slapped again!!
Well the Aug 6 trend change appeared but for only about two hours.
So much for August cycles.
Dow Jones futures before opening bell
http://niftychartsandpatterns.blogspot.com/2010…
Fed set to downgrade outlook for US
By James Politi in Washington
This should help the bulls over the next few days.
Our market & media manipulates the nifty current resistance as a consolidation for the next big move, where as results & market eps both r below expectations.
So red how much time u will give to establish the reality in this “hold as much as u can” market condition?
Could you elaborate more on what this meeting has to do with the markets and why it's so significant? Great analysis. My market timing went semi-bearish on Friday and it could confirm on Monday. Plan on sleeping in tomorrow as the open should be fairly unimportant. It's the close I'll be watching.
Nice charts Steveo…
The tape definitely does look weak, but volume on Friday's ramp up was pretty strong, relatively.
Yeah, it's going to be choppy… that's for sure. But, all they have too do to rally the market is to call their bankster buddies and tell them not to sell. The little guys don't have the power to push the market down without the crooks selling too.
They just carry too much weight in the market place. If Goldman, JPM, Citi, etc… don't sell, the PPT can hold it up until the Legatus meeting. How high they get back up, after the sell off to the 107.35 FP, is anyone's guess?
Red – enjoyed reading your thinking, I have to say I switched from bullish to bearish this week, looks very weak to me, definite lack of participation (low volume) – don't see how any sustained rally can be mounted in this environment