Joined Apr 1, 2010
8,861 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Told you, if a real turn is here, last leaders are not going to be the ones to watch.
Ya
Market leaders not participating smells fishy to me
… remember the feather … at the bus stop … in “Forrest Gump” !!!
—
This Market changes direction with an inhale from China … and just as quickly … changes direction with an exhale from Europe !
—
This “Market” is a “feather” … subject to the winds of GEO-Political “shannagans” !!!
SIGH !!!
—
Where we go … NOBODY KNOWS !!!
.
Shorter than Verne Troyer?
SIGH !!!
Pretty Much !!!
—
And SHORT “Tech” … (LONG TYP) no less !!!
—
“Life Is Like A Box Of Chocolates … You Never Know What Your Gonna Git !!!”
.
your = you’re
“A-game” !!!
.
I have the feeling that this is a false breakout in the S&P!
Why? Just take a look at the German DAX:
October 13th 2010: DAX broke out of its trading range; S&P did not but followed some days later.
August 1st 2011 DAX closed below 7000 for a while and S&P was still in its trading range but broke down on the next day.
And now this trading range:
October 4th 2011: S&P broke to new lows while the DAX was 120 points away from its recent lows.
October 21st 2011: S&P broke to new highs while the DAX is 130 points away from a breakout (future 120 points)
the dax and the dow have been pretty much in lockstep for some time now. futures, before our open is one thing, and the dax is already trading before we are,look at dax,and you’ll pretty much know how we’ll end up. it’s been even tighter the last, oh,i dont know,more than a few months now.