That's right leo and that down move may come any time. on the contrary the possibility of a complete reversal cannot be ruled out of this channel cannot be ruled out as well.
Check out all the money flowing out of SPY and QQQQ. Block trades down on SPY are ridiculous. This is a sucker's rally. Smart money is using the strength to sell more.
Agreed…
But I think it's going to take some really good news to get outside of it.
That's right leo and that down move may come any time. on the contrary the possibility of a complete reversal cannot be ruled out of this channel cannot be ruled out as well.
Ben,
The fundemtals a god awful. Employment was not good and did not include millins of college grads that cannot find anything.
Inflation is skyrocketing therefor PE ratios will adjust.
Debt is uncontrolled.
Days like today are sell opportunities for longs that got stuck and buy opportunities for bears. gotta have them
I like it San…
It's been in that channel since the April high. As long as it stays in it, the next move down should be some type of wave 3 inside of another wave 3.
Where is EW guy now?
SP 500 has not managed to get out of the channel
http://niftychartsandpatterns.blogspot.com/2010…
VERY COOL! GS is about to crack.
Thanks IlliniKap,
And thanks for keeping me informed though email too.
Check out all the money flowing out of SPY and QQQQ. Block trades down on SPY are ridiculous. This is a sucker's rally. Smart money is using the strength to sell more.
http://online.wsj.com/mdc/public/page/2_3022-mf…
gs still getting hit.
The market will get to at least 1052.2 as indicated again by the futures last night. The market is toast, just not sure my account will recover.