Black Week (Mar 5 - 9)

[marketsurfer]

Quote from Spectre2007:

here is the near term target.. once recession fear start gripping this trendline is apt to be busted.

thanks for the chart/study. good luck! surf

 

[Spectre2007]

I'm looking for evidence of a unwinding scenario in the pacific rim and south/southeast asia.

the stories coming out the region and the speculative excesses are reminiscent of past bubbles and busts.

longterm bond rate chart is implying this growth will continue, and its much larger cycle then we think.

I will be more then happy to ride it whichever direction it takes, but looking at various possibilities is important.

 

[Neet]

Some of you make Nostradamus look like Mickey Mouse.

 

[Spectre2007]

heres a chart of the 10 year rates, notice the change in character of the retrace on yields its similar to a bear period in bonds starting.

 

[lwlee]

Some technical levels from SP high of 1464.

50% fib retracement from June low to Feb highs: 1360
61.8% fib retracement: 1334
10% correction: 1317

There will be a lot of strong technical buying based on these levels. I'm partial to a number in the higher range.

 

[Spectre2007]

the dow during that period.. it was pretty much range bound.

 

[tradermaji]

Looks like 11,600 is a nice place for DOW to take a breather. It is a previous reaction high and a Fib retracement level. The next one is the 50% Fib level of 11,250. If that does not hold, then the real fun will start.

 

[tradermaji]

For the Nasdaqqqqqqqqqq, 2150 to 2000 seems to be the support level. There are another support level around the 2250 mark, but if the markets take a dive, then that ain't gonna hold baby.

 

[Spectre2007]

as US dollar fundamentals deteriorate, the fed needs to increase rates to attract inflows into govt bonds. Otherwise financing will slow down of US debt.

previous gold collapse pattern. Gold is not the place to be.

 

[tradermaji]

The 1325 seems to be a good level of support for the SnP.