Very Bullish reversal is just happening

Quote from pattern39:

I don't get it. What's so bullish about Fed's announcement today?
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There was no fear in FOM report and now you answer me:

What was bearish about unemployement falling from 9.2 to 9.1?
What was bearish in steller reports from 90% of S&P companies?
 
Quote from pattern39:

I don't get it. What's so bullish about Fed's announcement today?
More...

Forget announcement, that was bad and they started to sell, I think it coulda gotten ugly, other people here call me a puss, lol. Maybe I am, I don't care. But look at this pattern..

Look at the 30yr. See that massive buying. Look at the dx

Beyond the announcement, they came in hard.
 
Quote from pattern39:

I don't get it. What's so bullish about Fed's announcement today?
More...

Have you got a chart that graphs the quarterly earnings of the S&P 500 versus the S&P Index ? Might be instructive.

S%P analysts chose a 1350-1500 yearly close based on earnings.
Earnings went up. Markets went down. Somethings got to give now. So you can bet on tanking earnings next quarter, or a market rally. I know which one I like.
 
1150 resistance will prove a tough nut to crack. Market tried to overcome it earlier today and failed. Will this try go through?
 
Just one or two more follow up days, then bottom is in.
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lol. I am going to wait for 1400.20 , then we will have a confirmed bottom, then I will be absolutely positive I should have bought it.
 
OP good call. you just didn't know it would form a head and shoulders first.

All the doom and gloom shorters on this forum are hilarious, they don't understand markets at all and that valuations of companies are based off earnings. And oh yeah, they are sitting on record cash. Oh well some will never learn.
 
I started my journal about a month ago and yes, am new to this forum, and find people like you to be rather funny and amusing to watch post.
 
It's not a bull run. Just a little squeeze from the massive selling of the last week or so. If you think this is a reversal, good luck to you.
 
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