Scully Posted August 23, 2011 Report Share Posted August 23, 2011 Once again, the banks are leading the race to the bottom, even with SPX still green. A new 2011 bear market low for BAC - now the only material support left is the 2009 low at abut $3.70. Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 as long as ES stays under 1140 now, bears still got a shot at one more drop, but that push thru the center line on Doc's stuff yesterday, may have flashed a warning sign... Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 Man, every time Euro makes a run at 1.45, it gets beat with a 2 x 4 Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 Crapple still aint even busted the hourly 900 and nowhere near the June lows Link to comment Share on other sites More sharing options...
Scully Posted August 23, 2011 Report Share Posted August 23, 2011 SPX stopped dropping due to a new support line that has been trying to develop in red. Link to comment Share on other sites More sharing options...
Jorma Posted August 23, 2011 Report Share Posted August 23, 2011 Totally unexpected:  "Standard & Poor’s, the ratings company that downgraded the U.S. AAA credit ranking for the first time, will replace President Deven Sharma with Citibank NA Chief Operating Officer Douglas Peterson. "  http://www.bloomberg.com/news/2011-08-23/douglas-peterson-to-become-president-of-s-p.html  A Made Man takes charge. A real step down on paper. It must be pretty important for a guy like this to take over this stupid company. Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 NQ tryin to lead outta da hole... Link to comment Share on other sites More sharing options...
Bungster Posted August 23, 2011 Report Share Posted August 23, 2011 Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 as long as ES stays under 1140 now, bears still got a shot at one more drop, but that push thru the center line on Doc's stuff yesterday, may have flashed a warning sign... Â And this rally is coming off a positive divergence in the 5 day cycle indicator. But I think it will stay locked in a range. Just my gut. Â Â Â Â Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 And this rally is coming off a positive divergence in the 5 day cycle indicator. But I think it will stay locked in a range. Just my gut. Â Just over 1150 looks very key on your chart now... Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 spx initial 2 day cycle projection of 1139 busted. Link to comment Share on other sites More sharing options...
Bungster Posted August 23, 2011 Report Share Posted August 23, 2011 Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 As long as crude stays under 86, this rally may not have real legs... Â and if crude breaks 83.5, be on the lookout for failure... Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 looks like CMG may try for the broken trendline back kiss today or tomorrow... Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 New home sales data atrocious. Surprise, surprise. Link to comment Share on other sites More sharing options...
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