if oil breaks 64...market goes down; if oil breaks 65 (key psychological level and technical) market sells off harder....markets are psychological as well as fundamental.
sn p`s have been strong all week....but nasdaq weak......my level is watching the qqqq`s whn it breaks 43.00 to the downside we have entered a new trading paradigm range at the very least....and possibly more.
I wish on monday though all companies would just merge into one damn company as this monday merger crap is getting on my nerves....enough already.....this happens all the time......it doesn`t tell you anything except these are companies that are having trouble growing organically.....if things were going great they wouldn`t need to acquire growth from outside their existing operations.
but we will see.....friday will tell a lot.....if there is a sell-off....does it get "saved" by the same power players who manipulated it from being down 130.00 and sinking fast......to 30 minutes later being bought all the way back to only down 29 or so.....that was total manipulation....somebody with a lot of juice, and knowng how to 'work' the markets.
sn p`s have been strong all week....but nasdaq weak......my level is watching the qqqq`s whn it breaks 43.00 to the downside we have entered a new trading paradigm range at the very least....and possibly more.
I wish on monday though all companies would just merge into one damn company as this monday merger crap is getting on my nerves....enough already.....this happens all the time......it doesn`t tell you anything except these are companies that are having trouble growing organically.....if things were going great they wouldn`t need to acquire growth from outside their existing operations.
but we will see.....friday will tell a lot.....if there is a sell-off....does it get "saved" by the same power players who manipulated it from being down 130.00 and sinking fast......to 30 minutes later being bought all the way back to only down 29 or so.....that was total manipulation....somebody with a lot of juice, and knowng how to 'work' the markets.
