Market bottom is in- End this doom and gloom
- Thread starter HedgefundTrader2
- Start date
1/DJIA crossed 50 day moving average today. SPX crossed 28 day moving average and 10 day moving average. There is a huge white candle dangling on the SPX charts with this Fed inspired rally that will push these markets past these resistance levels.
2/We are in a trading range between 1270-1400 on SPX and not in a downward trend since Jan 22 nd 2008.
3/Despite the best efforts bears couldn't push SPX below 1270 levels on at least 5 occasions in the past 6 weeks. With a solid Technical support level in the 1270 area there only room for it to go up or it will move sideways so the down sloping 10, 28 , 50, and 200 day moving averages will start flattening out and when that happens buyers can easily rip the tide in another push above 1400 levels.
One thing is clearly proven today:
Feds will not let the markets go to hell in a basket. They are on the side of bulls and they will keep "manipulating " them with vast resources and a focused zeal.
You should get this in your thick head and read my posts over and over again.
its a new bull market!!!!!!!!!!!!buy calls.....sell puts!!!!! ok not quite yet....1375 is a BIG number
Oh right moving averages. I am not sure of the technical precedents for technical signals arising from 75BP cuts
Fed will support it for long enough for a certain group to spread the word between each other (only) that you need to get your funds out ASAP (takes time) .
You are too much of a tool to reply to any more.
Go on an anger management course, you know, where they hit cushions and shout "I hate you mummy"
BFE (Bye For Ever)
Fed will support it for long enough for a certain group to spread the word between each other (only) that you need to get your funds out ASAP (takes time) .
You are too much of a tool to reply to any more.
Go on an anger management course, you know, where they hit cushions and shout "I hate you mummy"
BFE (Bye For Ever)
You seemed not to understand Technical Analysis much ? I cannot help. Just keep trying to short rallies and scalp that's your best option.
It aint over yet.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDS3_jqnBM8M&refer=home
Large corporates are high value clients as they generate fee income eg from FX, to the point where banks will lend at a loss to get the fee biz, SO if important customers draw on their credit lines banks will call in their loans to less important customers such as hedge funds and smaller corporates, bankrupting them in many cases (seen this for real) and causing layoffs in corporates and liquidation by hedge funds
Also Banks wil have to raise capital (read: dilution) and sell off equity holdings (read: more supply coming into market).
All this can off course be offset by moving averages crossing and white candles on charts
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDS3_jqnBM8M&refer=home
Large corporates are high value clients as they generate fee income eg from FX, to the point where banks will lend at a loss to get the fee biz, SO if important customers draw on their credit lines banks will call in their loans to less important customers such as hedge funds and smaller corporates, bankrupting them in many cases (seen this for real) and causing layoffs in corporates and liquidation by hedge funds
Also Banks wil have to raise capital (read: dilution) and sell off equity holdings (read: more supply coming into market).
All this can off course be offset by moving averages crossing and white candles on charts
DOW down 168,here we go again.