everywhere I go i see people shopping...then I get jealous and
think I should have a big store bag on my arm, so I buy something
too. Its an American Disease.
well anything can happen and remember we are at the bottom of a
channel which is support and 5 minor waves can be counted, so not
out of the question for a bounce here, or we just capitulate and
crash down ..... the pont is, just be prepared for either scenario,
but not married to one where you lose objectivity
I think Geithner is speaking today, that may be the an important
thing to watch to see how the market reacts. Last time he
took the market down 400 as ya know.
Geithner and Bernanke are on today;
Bernanke is due to testify at 10 a.m. while Geithner's
testimony on U.S. President
Barack
Obama's budget will start at 12.30 p.m.
I am expecting a gap
Gap Down
Posted by yawang36 on 2nd of Mar 2009 at 08:32 pm
I am expecting a gap up open instead of gap down open.
I see only 2 possibilities here, both point to high close tomorrow. SPX either gap up open, or open between 690-700, and close higher near 720.
why are you expecting a
Posted by unsane on 2nd of Mar 2009 at 08:41 pm
why are you expecting a gap up?
Nikkei just hit lowest low since 1983. Their version of PPT intervened.
Retail numbers are out at 8am. They are going to be catastrophic IMO.
Bernanke testifies at 10am. Lots of uncertainty there.
Housing numbers are out at 10am, and they could be better than expected and provide the rally you're looking for.
New car sales are out at 4pm and they are going to be near zero.
Tomorrow could well end up green but a gap up is not something I'm expecting.
unsane...
Posted by delane on 2nd of Mar 2009 at 10:57 pm
everywhere I go i see people shopping...then I get jealous and think I should have a big store bag on my arm, so I buy something too. Its an American Disease.
well anything can happen and
Posted by matt on 2nd of Mar 2009 at 10:46 pm
well anything can happen and remember we are at the bottom of a channel which is support and 5 minor waves can be counted, so not out of the question for a bounce here, or we just capitulate and crash down ..... the pont is, just be prepared for either scenario, but not married to one where you lose objectivity
I think Geithner is speaking
Posted by homer on 3rd of Mar 2009 at 09:38 am
I think Geithner is speaking today, that may be the an important thing to watch to see how the market reacts. Last time he took the market down 400 as ya know.
Bernanke, not Geithner, at 10am,
Posted by unsane on 3rd of Mar 2009 at 09:45 am
Bernanke, not Geithner, at 10am, on the economic environment.
Geithner and Bernanke are on
Posted by homer on 3rd of Mar 2009 at 09:58 am
Geithner and Bernanke are on today;
Bernanke is due to testify at 10 a.m. while Geithner's testimony on U.S. President Barack Obama's budget will start at 12.30 p.m.
Geithner- yep we'll see how
Posted by matt on 3rd of Mar 2009 at 10:17 am
Geithner- yep we'll see how the market reacts to that.