it either marks the fourth wave before one final move up, or the
pause in the correction. I am short here expecting a
correction from 1085. If we dont get even a minor one today I
would expect the market to react badly initially to the
unemployment numbers tomorrow. a sharp move down would set the
stage for a move to higher highs on neg divergence for multiple
timeframes. just one scenario lets see how we finish the
day...
played up as 'good news"---when haven't the numbers been
cooked and when hasn't it been spun as good news?
So they extended unemployment benefits to 99 wks, making them
retroactive for thousands whose 26 wks had run out. When you run
out of benefits they take you off the unemployment rolls....but did
they add them back on? And what about all the folks who would have
fallen off by now but due to extended benefits they are still
on??
if the weekly average of new unemployment claims is still over
450k, just how is LOSING 1.8 MILLION jobs each month not showing
up....we know they are NOT creating anywhere near that amount, not
even in the year to date.
cooked you say? spun as good news? yeah boy, liberals (and govt
hacks in general) know that perception is reality and if you repeat
a lie enough times people may start to believe it.
spx 5min triangle
Posted by cwa82675 on 2nd of Sep 2010 at 01:49 pm
it either marks the fourth wave before one final move up, or the pause in the correction. I am short here expecting a correction from 1085. If we dont get even a minor one today I would expect the market to react badly initially to the unemployment numbers tomorrow. a sharp move down would set the stage for a move to higher highs on neg divergence for multiple timeframes. just one scenario lets see how we finish the day...
Good Luck but I think
Posted by cspirit on 2nd of Sep 2010 at 02:36 pm
Good Luck but I think the DEMS are pulling out all the stops and the number for Friday is cooked as "GOOD NEWS"
numbers cooked?
Posted by perthx on 2nd of Sep 2010 at 02:52 pm
played up as 'good news"---when haven't the numbers been cooked and when hasn't it been spun as good news?
So they extended unemployment benefits to 99 wks, making them retroactive for thousands whose 26 wks had run out. When you run out of benefits they take you off the unemployment rolls....but did they add them back on? And what about all the folks who would have fallen off by now but due to extended benefits they are still on??
if the weekly average of new unemployment claims is still over 450k, just how is LOSING 1.8 MILLION jobs each month not showing up....we know they are NOT creating anywhere near that amount, not even in the year to date.
cooked you say? spun as good news? yeah boy, liberals (and govt hacks in general) know that perception is reality and if you repeat a lie enough times people may start to believe it.
I do, don't you? :)
most people watch headline numbers
Posted by hazbin1 on 2nd of Sep 2010 at 03:02 pm
most people watch headline numbers (makes the mkt move), everyone else feels the pain of the U16 numbers showing ~20% unemployment