MrHanky Posted April 25, 2012 Report Share Posted April 25, 2012 AAPL takes attention off of Europe.....For now. Link to comment Share on other sites More sharing options...
capitall Posted April 25, 2012 Report Share Posted April 25, 2012 AAPL takes attention off of Europe.....For now. I'm sure there's an iphone ap that will solve all of Europe's problems quickly. Link to comment Share on other sites More sharing options...
Bungster Posted April 25, 2012 Report Share Posted April 25, 2012 I'm sure there's an iphone ap that will solve all of Europe's problems quickly. Yep, and there's an app to solve the decline in durable goods orders.... Link to comment Share on other sites More sharing options...
Scully Posted April 25, 2012 Report Share Posted April 25, 2012 Last year during the SPX topping process, in April the US dollar went dumpster diving relative to the loonie down into the mid $0.90 range. I am increasingly thinking that the breakdown from the trading range in the last 4 months might be real, and that we are going to do a repeat of last year. If this is true, it merely means a retest of the stock market highs before it rolls over for good, not some huge victory for the bulls. I have been waiting for an exit point from my GLD and SLV so I can go short. I think I will wait another day or two. Why attempt to correlate the dollar and the stock market? I see people doing it all the time and I just don'tunderstand it. The relationship flip flops all the time. If there's cause and effect, to me it would seem that rising stock prices would attract dollar purchases and vice versa. But I have never seen what I felt was a reliable correlation over longer periods. In the short run, everything moves together, but the poles can reverse without warning. Ouch. Lemme think about that. Link to comment Share on other sites More sharing options...
Trader Joe Posted April 25, 2012 Report Share Posted April 25, 2012 Rest of the week should be down Ha! Link to comment Share on other sites More sharing options...
Trader Joe Posted April 25, 2012 Report Share Posted April 25, 2012 Break out the "BUKAKE" pics.... Sounds like POTUS had his own yogurt party earlier today Link to comment Share on other sites More sharing options...
Scully Posted April 25, 2012 Report Share Posted April 25, 2012 As I see them, the main SPX support and resistance lines are below. We could just be painting a right shoulder with an imminent reversal, but I am guessing it goes higher. Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2012 Report Share Posted April 25, 2012 I can't recall seeing right shoulders whose necklines sloped up resolving to the downside. I'm sure they do sometimes, but most of the time when they're making higher lows like that they resolve up. That pattern in April looks like a Compound W pattern, warts and all. Link to comment Share on other sites More sharing options...
DrStool Posted April 26, 2012 Report Share Posted April 26, 2012 Industrial Overproduction Another Symptom of Impending Doom - Radio Free Wall Street Link to comment Share on other sites More sharing options...
shorty Posted April 26, 2012 Report Share Posted April 26, 2012 As I see them, the main SPX support and resistance lines are below. We could just be painting a right shoulder with an imminent reversal, but I am guessing it goes higher. they won't shamtrade AAPL up 50 points every day they want out of that one now, it's all played out I bet we close below 1340 Friday and gap open below 1300 Monday morning Link to comment Share on other sites More sharing options...
gameover Posted April 26, 2012 Report Share Posted April 26, 2012 I bet we close below 1340 Friday and gap open below 1300 Monday morning get real, not in your wettest dream Link to comment Share on other sites More sharing options...
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