Market refuses to go down

[Mvic]

Quote from Bigpipn:

Yes. I will be looking for a +25 handle H4 bar that closes as a shooting star.

A terrorist attack (god forbid) will likely happen once we turn down again. The current administration will welcome this attack because it will be blamed for the faltering economy and not the failed stimuli.

Don't know about the second half of your post but the 1st half sounds right.

 

[Rickshaw Man]

Quote from killthesunshine:

the top is in right now right here

Oh brother.

 

[Mvic]

Quote from killthesunshine:

the top is in right now right here

If the USD loses 3% over the weekend where do you think we open Monday?

 

[cleveland45]

Quote from S2007S:

Something has to give, either gold is headed lower or the markets are headed for a pullback, gold prices going higher is going to signal people are worried about inflation. Gold is extremely undervalued, 1200 is coming and 1500 in 2011+.

Gold is still cheap considering for inflation adjusted it should be trading at $2000 an ounce.


Markets are still climbing a wall of worry, everyone should know that the pullback is always quicker than the rally.

No bull ever expected the the s$p to drop below 700, guess what it did, anything can happen in these markets.

quite right. They are very distorted and may well be for a while.

But gold should stay bid as the printing press rolls on.

 

[killthesunshine]

Quote from Rickshaw Man:

Oh brother.

you are not my brother and you never called a top in your life!

 

[S2007S]

Quote from Mvic:

If the USD loses 3% over the weekend where do you think we open Monday?

gold no doubt rises at least 5% and equity markets lose close to 2%

 

[Rickshaw Man]

Quote from killthesunshine:

you are not my brother and you never called a top in your life!

Your right never want to call a top or bottom, I'll just pull from the middle.

You will learn how risky it is to call tops and bottoms.

 

[Rickshaw Man]

Every bear needs to read what this guys talks about. He will keep you shorting and that will provide the fuel nessary to keep pushing the market higher


http://market-ticker.org/

 

[tradingbug]

Quote from killthesunshine:

the top is in right now right here

Would you mind letting us know what you see that allows you to make this call?

 

[Mvic]

Quote from S2007S:

gold no doubt rises at least 5% and equity markets lose close to 2%

Disagree, should be good for gold but even better for equities, especially tech. Gold is an OK hedge but people need to park money in something that throws off income and global tech does. A lower USD means higher profits when repatriated in USDs or lower cost of exports and simple asset price appreciation due to lower currency denomination, the essence of this current stage of the bear market rally.