The ppt is running out of money. Fed and ECB have injected somewhere around $200 billion already. The market is in trouble IMO!
Funny, everyone was saying this about the up move to 14,000: "The correction has to come eventually, and the longer it goes without one, the more severe it'll be!" I find that amusing.
they sure are.....32/33 level is a solid neckline so there all over it but imo we have one small rally to sell before it cracks....after that ..80 points to downside Es/spx
tomorrow there will probably be a liquidity injection of approx 5-10 billion. I dont think they want the dow below 13k.
I kind of like these big swings. If we go into a true bear market I think the volatility will drop off. I hope we bouce a couple of hundred points again and so on ad infinitum.
agreed 100%.....we`re getting close to them being completely ignored & even they won`t be able to contain this avalanche. they are just adding fuel to the fire right now & postponing the ineveitable.