At this point, I doubt I'm the only one who foolishly thinks that S&P is registering an IHS pattern. If that were the case, the Cash index should see 940-ish before reversing. Then it should retrace about 200 points down to 740-ish to put in the right shoulder.Quote from riskymove:
Like Friday morning?
Quote from angel_king:
crappy theory number 523
the big boys are keeping the market artificially inflated so that on bank stress test day THURSDAY they can make the market do wacky abnormal things, and maybe sell off from a higher level.
I am not trading on stress test day.
Quote from saliva:
At this point, I doubt I'm the only one who foolishly thinks that S&P is registering an IHS pattern. If that were the case, the Cash index should see 940-ish before reversing. Then it should retrace about 200 points down to 740-ish to put in the right shoulder.
Quote from Lawrence Chan:
Shorten op ex month. 900 tagged.
If they can, they would love to make 800 their closing price on next friday. But as you said, there are enough inflow here to keep things alive.
So 850 could be the reasonable target for them to work on.
i dont think they can let anyone know the truth,they are buying time trying to come up with a believable scenario/solution,its a huge bluff,they are in the biggest pot of there life with an unfilled straight,they just keep raising the stakes hoping everyone will just cave, if they dont win this hand,we are done....what i would give to know the truth...no one has mentioned the ecb meetings on thursday,do i have the date wrongQuote from Lawrence Chan:
Stress test result is the funniest news we have lately.
Notice how it started out with fox leaking the results. Then COMPLETELY declined by the govern. Then now partially confirmed that there were some truth to the original report, etc. etc.
I guess there is no final stress test results at all as of this time - it will be modified again and again to fit the picture and to shut up the nay sayers ... just like the novel 1984. =)