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Scott Bleier
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

Market is adjusting for No QE3…CHART ALERT

Scott Bleier Fri Aug 5, 2011 11:58am EST Comments Off on Market is adjusting for No QE3…CHART ALERT

Last year the SPX dropped 200 points one month after QE1 ended. This year the SPX dropped 200 points a month after QE2 ended.

Please review this DOW chart that encompasses the one year since Jackson Hole and the announcement of QE2. Please review the important technical levels.

As the desire for liquidity reaches its crecendo, these levels will remain important support.

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