K Wave Rider Posted March 3, 2009 Report Share Posted March 3, 2009 GS gettin whupped Link to comment Share on other sites More sharing options...
PyurAureo Posted March 3, 2009 Report Share Posted March 3, 2009 Qs 200min potential double bottom at 1 and 2 day w/top of 2day currently ~Doc's projection Tanks for Posting the Qs ... I'm at work, so don't have Tools to develop Charts like that Link to comment Share on other sites More sharing options...
deflationspiral Posted March 3, 2009 Report Share Posted March 3, 2009 The lack of fear as the spx breaks the Nov lows is stunning. Before any meaningful bounce comes, a cluster of equity p/c ratios over 1 need to occur. Updated chart. 1st reading this morning, .53 Futures ran right into resistance at the highs from late yesterday morning. Link to comment Share on other sites More sharing options...
Rounder Posted March 3, 2009 Report Share Posted March 3, 2009 but hey, atleast the affordability index is at an all-time high.... heading in the right direction. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 B-17 Ben coming to save us! Link to comment Share on other sites More sharing options...
Pretzel Logic Posted March 3, 2009 Report Share Posted March 3, 2009 Just got back in from getting some coffee and a light breakfast at a local diner dump down the road. There were a group of older men (late 50's to 60's) sitting at the bar conversing about the economic crisis. One guy blamed day traders for the mess in the stock markets and his cause for the banking problem was even more ridiculous. The other guys nodded their heads and some even made their own ridiculous comments. I sat there reading the paper and could hardly contain myself. I wanted to laugh hysterically, fart, and tell them the truth, but, instead, I just minded my own business, laughed silently and left. It should be no surprise that most are talking about the crisis and I have heard many conversations, but I am still amazed at the level of ignorance. Today was definitely no exception. These gentlemen were older and I would of expected at least some common sense from this group. The sad and scary thing is the Witch Hunts are just getting started. And Congress' track record shows they will only encourage these witch hunts (think: dragging Big Oil, Autos, Banks, etc. down to DC for "Congressional Hearings" which are nothing more than an attempt to influence public opinion and are a total sham). Congress loves witch hunts because they keep the sheeple from looking too closely AT Congress. It's going to get much, much worse. The government will keep trying to focus the blame on any and every imaginable other party, and this will continue to influence public opinion. At some point, we may even see short sellers blamed for some of our financial problems, if you can imagine the insanity! Oh wait, that already happened... Link to comment Share on other sites More sharing options...
psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 ES 711 is the key here. Above it, higher; below, sideways or lower. Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 3, 2009 Report Share Posted March 3, 2009 The lack of fear as the spx breaks the Nov lows is stunning. Before any meaningful bounce comes, a cluster of equity p/c ratios over 1 need to occur. Updated chart. 1st reading this morning, .53 Futures ran right into resistance at the highs from late yesterday morning. yep, by some measures I have seen, we are actually in overbought territory... Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 3, 2009 Report Share Posted March 3, 2009 Euro with bearish engulfing off hourly 72 trendicator....very close to the edge, any follow through here could set off avalanche... Link to comment Share on other sites More sharing options...
psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 The sad and scary thing is the Witch Hunts are just getting started. And Congress' track record shows they will only encourage these witch hunts (think: dragging Big Oil, Autos, Banks, etc. down to DC for "Congressional Hearings" which are nothing more than an attempt to influence public opinion and are a total sham). Congress loves witch hunts because they keep the sheeple from looking too closely AT Congress. It's going to get much, much worse. The government will keep trying to focus the blame on any and every imaginable other party, and this will influence public opinion. At some point, we may even see short sellers blamed for some of our financial problems, if you can imagine the insanity! Oh wait, that already happened... I can see multitudes of sheoples with pitchforks, rolling pins, golf clubs, bats, cleavers etc. in relentless pursuit to exact revenge and justice on the scapegoats of the crisis. I hope I am not one of them being chased. Link to comment Share on other sites More sharing options...
Rounder Posted March 3, 2009 Report Share Posted March 3, 2009 MA sinks to fresh morning lows, below its 3 week range low/50-day ema 149.10/149.88 V-Card seeing similar weakness Link to comment Share on other sites More sharing options...
Solax Posted March 3, 2009 Report Share Posted March 3, 2009 the calendar i use ends every 365 days or so, after which a new age begins and lasts about as long. it's all purdy crazy, i know. That's pretty funny. I take it you're making fun of the Mayan calendar? The only problem is that every 4 years your calendar actually has 366 days. I've read that the Mayan calendar is extremly accurate, way more so than our own today. It's baffled scientists for years how they could be so accurate that long ago. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted March 3, 2009 Report Share Posted March 3, 2009 Watching some Phil somebody on Crapvision cite 1933 as an example of the market being "forward looking" and rallying in the face of bad news. So I guess we're to conclude from that stellar example that we should start looking for similar behaviour from our current market starting around 2012. Yeah that sounds about right. Oh wait, he was trying to say we should look for that this month -- nice non sequitur example, dumb@ss. Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 3, 2009 Report Share Posted March 3, 2009 10 yr bonds winding it up above hourly 200 MA Link to comment Share on other sites More sharing options...
cwd Posted March 3, 2009 Report Share Posted March 3, 2009 Looks like a clean breakdown for the Cando. projects to about 70 Link to comment Share on other sites More sharing options...
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