Equity buy support returns... Futs last 10,878
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Market Outlook
- Thread starter GrandSupercycle
- Start date
Plunge! Rebound! Crash! Rally! Plunge again! That's been the depressing story line of the stock market the past five trading days, a gut-wrenching, confidence-testing, wealth-destroying bout of volatility that has put investors on edge.
The causes are many. Traders, investment strategists, money managers and economists all have their theories. "Raw panic," tops the list, says David Kotok, chairman and chief investment officer at Cumberland Advisors.
Read more here: usatoday.com/money/perfi/stocks/2011-08-10-volatile-markets_n.htm
The causes are many. Traders, investment strategists, money managers and economists all have their theories. "Raw panic," tops the list, says David Kotok, chairman and chief investment officer at Cumberland Advisors.
Read more here: usatoday.com/money/perfi/stocks/2011-08-10-volatile-markets_n.htm
Equity sell pressure and USD buying returns.
Though oversold, S&P500 daily and weekly charts remain bearish.
Though oversold, S&P500 daily and weekly charts remain bearish.
Parabolic USDCHF is so oversold a corrective crash (up) is possible.
Long term indicators still warn of USD rally and EURUSD weakness.
Long term indicators still warn of USD rally and EURUSD weakness.
More evidence that equities are basing for that counter trend rally.
Futs last 1140.25
Futs last 1140.25
Quote from GrandSupercycle:
Equity sell pressure and USD buying returns.
Though oversold, S&P500 daily and weekly charts remain bearish.
Buddy, could you be any more wrong ??? Please see "Market Sub Outlook" thread, the most exciting new thread on EliteTrader, for the correct picture.
Remember, descending wedges cannot be denied !!!
Quote from hajimow:
You know that the correction is over when CSCO pops up 13%
OVER a 2 year RALLY and people still think its in a bull market, but it isn't because it was artificially created with stimulus and the famous BUBBLE ben bernanke printing press!
A 4 week decline and people scream that the correction is over.
I never understood the mentality of people who think rallies should last forever and sell offs only a few hours!
Quote from S2007S:
OVER a 2 year RALLY and people still think its in a bull market, but it isn't because it was artificially created with stimulus and the famous BUBBLE ben bernanke printing press!
A 4 week decline and people scream that the correction is over.
I never understood the mentality of people who think rallies should last forever and sell offs only a few hours!
jobless bull market is what we had in the last 2 years
add some jobs, add some rise in home sales, add some bank lending, add stable European debt crisis, and the Dow pass 14,000.
you could quote me on this.