There is nothing on this chart to suggest a new bull market has started, or that the old bear market has ended.
"You say you lost your faith
But that's not where it's at
You had no faith to lose
And you know it"
But that's not where it's at
You had no faith to lose
And you know it"
A
8 comments:
thanks for the chart update!
Hi Allan,
To fit in with your recent attention to laws or the emergence of lawlessness, your readers might enjoy this latest outrage:
http://www.philstockworld.com/2009/05/11/the-federal-reserve-can-not-account-for-9-trillion-in-off-balance-sheet-transactions/
Ilene (More at http://philsbackupsite.wordpress.com/)
Outrageous! An unbelievable 5 minute exchange, our government at its absolute worst.
UNBELIEVABLE!!
When I see things like this I always wonder how close we might be to anarchy. Unfortunately we're so "desensitized" from all the incompetence that we just watch and shrug it off. This, after the unprecedented loss of wealth in this country. Somebody needs to be strung up.
Dave,
No anarchy until enough people care. You and I make 2, it's a start.
2 down days in a row...I'm thinking there is one more thrash by the bulls before the bears take over. However, if I'm wrong and the bears have already taken over, what might be the first sign to look for? Break of 850 on S&P?
The answer is on the Weekly chart, right side, highlighted stop/reverse Blue Wave level.
Damn! Another head fake. This must be the last bull thrashing about. When should I buy up as many put options as I can get on any stock????
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