Alot of thing can happen this week-end.First,We just got the downgrade of JPM by Fitch!
Nobody on here believes JPM would tell the whole story on day one, right? I think this is just the beginning and JPM have more to tell.More to come on this side.
Secondo,i think there is a big chance for no gouvernement in Grece and a new election for next month.Tertio,i think something realy bad(feeling)is cooking in France with Crédit Agricole bank.
I know the technical analysis and chart told us we are oversold but maybe we are in a reversal of the market here,a new paradigm.
We will see next week.Have a great week-end all.
From past history, they usually leave everyone in limbo wondering about what will happen the following week. Meaning, if there is an important level that needs broken (your 1365 spx area) they will commonly close right on that level. This keeps the bears hopes up as resistance held.
Then the following Monday they simply gap up over that resistance level and run for the moon. Of course there are always a few times that they do the opposite and continue selling off, but I don’t think this is one of those times.
Red, we will have to start thinking out side the box, in how we see the markets unfolding. One of these days shortly, the gangsters will have their bot computers ceased to be able to manipulate the markets. The charts may not be very evident on when the down side comes.
Sorry for my ignorance but can you add a summary to tell us what this mean for the market?
Thank you!
One(won) must know your intervals to be ready for the harvest of speculative capital.
10 of 87′
1087 = 187
SPX close today 1353.39
SPX close on 10.3.8′ (friday before 2008 crash week) 1099.23
1353.39 – 1099.23 = 18.7%
5.5.10′ (day before flash crash 111 Ritual) SPX close = 1165.87
1353.39 – 1165.87 = 187.52
It’s all in the numb-ers…….
Alot of thing can happen this week-end.First,We just got the downgrade of JPM by Fitch!
Nobody on here believes JPM would tell the whole story on day one, right? I think this is just the beginning and JPM have more to tell.More to come on this side.
Secondo,i think there is a big chance for no gouvernement in Grece and a new election for next month.Tertio,i think something realy bad(feeling)is cooking in France with Crédit Agricole bank.
I know the technical analysis and chart told us we are oversold but maybe we are in a reversal of the market here,a new paradigm.
We will see next week.Have a great week-end all.
It can’t happen to a better gut than Jamie 🙂
Here the link:
http://www.marketwatch.com/story/fitch-downgrades-jp-morgan-after-trading-loss-2012-05-11?link=MW_home_latest_news
JP Morgan down 1% in after-hour after Fitch downgrade the company!
Quick 5 minute update…
http://www.screencast.com/t/pYVyVc8nn
Gold charts:
http://niftychartsandpatterns.blogspot.in/2012/05/gold-chart-analysis.html
From past history, they usually leave everyone in limbo wondering about what will happen the following week. Meaning, if there is an important level that needs broken (your 1365 spx area) they will commonly close right on that level. This keeps the bears hopes up as resistance held.
Then the following Monday they simply gap up over that resistance level and run for the moon. Of course there are always a few times that they do the opposite and continue selling off, but I don’t think this is one of those times.
Red, we will have to start thinking out side the box, in how we see the markets unfolding. One of these days shortly, the gangsters will have their bot computers ceased to be able to manipulate the markets. The charts may not be very evident on when the down side comes.
I will agree with you, if we can get over 1365 sp futures today.