Go read Cobra's post from last night, and look at the bottom 3 charts. The free money from the TARP is gone, and the big boys are selling into this.
Plus, there isn't any mutual fund money to use to buy up the market either? Where is the money going to come from to support another big move up? The thugs aren't going to use their own money to buy the market at these levels.
They want the public's mutual fund money, or the free stimulus money… and without it, the market will fall.
Broke through intraday MAs and headed for 1080 now. Hope it holds!
Funny thing about watching market action today is that it seems like a battle of life and death as far as the averages are concerned, but it's a bunch of low volume BS.
it is really a tough spot to call, on one side, Finalcial, rut & Q are lagging, on the other side, TRIN is at 0.24, and today's high so far only 0.43, virtually no selling
They better be right! A lot of people have been depending on them
From BAM Investor's latest Tweet…
“$SPX–We're MAX short here. Model showing sharp sell off followed by what we've been calling for since….”
Agreed Diablos…
I want the same thing to happen tomorrow, as did the previous time shown in your chart.
http://screencast.com/t/NjYyYmJmYT
By the end of the day today, the market will be very overbought on the short term charts. I just don't see it continuing into tomorrow.
EUR/USD rally has helped Dow Jones and SP 500
http://niftychartsandpatterns.blogspot.com/2010…
There isn't any money left Rip…
Go read Cobra's post from last night, and look at the bottom 3 charts. The free money from the TARP is gone, and the big boys are selling into this.
Plus, there isn't any mutual fund money to use to buy up the market either? Where is the money going to come from to support another big move up? The thugs aren't going to use their own money to buy the market at these levels.
They want the public's mutual fund money, or the free stimulus money… and without it, the market will fall.
http://cobrasmarketview.blogspot.com/2010/06/06…
Broke through intraday MAs and headed for 1080 now. Hope it holds!
Funny thing about watching market action today is that it seems like a battle of life and death as far as the averages are concerned, but it's a bunch of low volume BS.
it is really a tough spot to call, on one side, Finalcial, rut & Q are lagging, on the other side, TRIN is at 0.24, and today's high so far only 0.43, virtually no selling
Third times a charm? Another 1055.50 es print just showed up and disappeared?