Posted by treid4dou on 6th of Sep 2008 at 07:20 pm
When SPX was weak,and Financials beaten up, the Qs were keeping
the mkt up. Now....the reverse....he
he.......Amzn hit 92......while the Banks were
tanking....now.....Banks holding....and Amzn....$10 down.....As u
say.....typical Bear Mkt. action and manipulation to hold the un
holdable.....They reduced rates...for what ????...They bailed out
BSC....just for a friendly hand thru the JPM cro*cks.....but the
mkt. had its trend unbroken..... Nothing has yet, fundamentally
changed.....YET.....and a huge bailout does not seem what the mkt.
will ultimatelly ponder. IMO. Stil and always
trading by charts.....but with some fundamental background
too.Nothing favors a bull reversal under current projected
circumstances....More counter trend ralies at best. YET.
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When SPX was weak,and Financials
Fed will bailout
Posted by treid4dou on 6th of Sep 2008 at 07:20 pm
When SPX was weak,and Financials beaten up, the Qs were keeping the mkt up. Now....the reverse....he he.......Amzn hit 92......while the Banks were tanking....now.....Banks holding....and Amzn....$10 down.....As u say.....typical Bear Mkt. action and manipulation to hold the un holdable.....They reduced rates...for what ????...They bailed out BSC....just for a friendly hand thru the JPM cro*cks.....but the mkt. had its trend unbroken..... Nothing has yet, fundamentally changed.....YET.....and a huge bailout does not seem what the mkt. will ultimatelly ponder. IMO. Stil and always trading by charts.....but with some fundamental background too.Nothing favors a bull reversal under current projected circumstances....More counter trend ralies at best. YET.