So is there normally a Christmas-New Years rally?

Quote from nutmeg:

"FROM OUR HEARTS TO YOURS. WITH LOVE, FROM WALL STREET"

Dear Mr./Ms./Mrs./Transsexual Client,

"At this special time of year, we wanted to let you know how much we appreciate you. So, please note that if you owned the S&P 500 at the beginning of this wonderful, uneventful year, you are now back in the black after our gift to you today. We are so pleased to close the market today at a point which now lets you have a non inflation adjusted profit in the index we love for you to own. It is our joy and an honor to mark the market higher in the last 15 minutes of trading just in time for your Christmas/Hannukah/Kwanzaa/Pilgrimage to Mecca/Atheist celebration."
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you forgot Festivus !
 
Quote from cyoungmark:

Your drawing lines on the section of the chart which was created by news. Price will not obey those lines if there is the slightest bit of news to come.
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Are you saying price normally obeys lines?

If yes, why are "news" lines then not obeyed? Did price not make those prices?
 
Quote from 1a2b3cppp:

Are you saying price normally obeys lines?

If yes, why are "news" lines then not obeyed? Did price not make those prices?
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I'm saying price obeys whatever people are paying attention to. They aren't going to all the sudden pay attention to trend lines after what has been going on lately.
 
Quote from cyoungmark:

I'm saying price obeys whatever people are paying attention to. They aren't going to all the sudden pay attention to trend lines after what has been going on lately.
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Since August prices have been paying attention to lines more than ever!



The line that we are at now (that was drawn in the chart) represents european debt.
The first two bounces were when this crisis started. The third bounce was on the Greek bailout.

So as long as the european crisis exists, we should not break the trend line.
 
Quote from kivd:

Since August prices have been paying attention to lines more than ever!



The line that we are at now (that was drawn in the chart) represents european debt.
The first two bounces were when this crisis started. The third bounce was on the Greek bailout.

So as long as the european crisis exists, we should not break the trend line.
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You mean the down trend line in the first page of the thread?
Looks like by the close of this Friday, it has already been broken.
 
Quote from kivd:

Yes.
Not really, Im drawing it on SPX not SPY which is more accurate.
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If your assumption were correct, then spx would begin to go down right after the open of next week.
 
Quote from TILT2:

If your assumption were correct, then spx would begin to go down right after the open of next week.
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Not necessarily, there could be a wick poking through the resistance.
However if my assumption is correct, Tuesday will close down.
 
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