Posted by ndtrade123 on 17th of Mar 2009 at 06:13 pm
Exactly...what outside event could that be? We've heard
basically as bad of news as anyone can bear in a century.
Even depression was mentioned constantly for a while. I think
the market will keep going up until people realize the earnings do
not match the price. Actually it's already not going to match
the price, but people don't care right now. It's a bear
market rally.
Posted by junkmaylbox on 17th of Mar 2009 at 06:20 pm
Then it would be a very strong resistance. For crude oil, 150
was a big number. For $SPX 800 might be such a number. So this
advance will top at 797 :-)
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Exactly...what outside event could that
I remember an nightly analysis that Steve did last week. ...
Posted by ndtrade123 on 17th of Mar 2009 at 06:13 pm
Exactly...what outside event could that be? We've heard basically as bad of news as anyone can bear in a century. Even depression was mentioned constantly for a while. I think the market will keep going up until people realize the earnings do not match the price. Actually it's already not going to match the price, but people don't care right now. It's a bear market rally.
Then it would be a
Posted by junkmaylbox on 17th of Mar 2009 at 06:20 pm
Then it would be a very strong resistance. For crude oil, 150 was a big number. For $SPX 800 might be such a number. So this advance will top at 797 :-)