GS,LEH,MS,BSC,C,JPM,,,,,,,All below 200dma

Discussion in 'Trading' started by myminitrading, Sep 18, 2007.

  1. Today the bounced up and kissed their 50 day moving average, the 200 day and 50 day are sloping downward.

    This is why we got a cut to help these guys out, the technicals are awfully.
  2. S2007S


    If it wasnt for todays cut all of these would be kissing 52 week lows.

    You can thank the 50 point cut in discount rates in Mid August and the the other 50 BP in rates today for the massive 1000 point rally in the DOW over the last month.

    Risk free market.
  3. Yes. I'm sure Bernanke was doing some TA and said: 'god... what can I do to make the brokers close above their 50 and 200 day DMA'
  4. Bear tomorrow, then Goldman & Morgan the next day. Did you see LEH today, massive Volume...

    Plates are spinning in the air, ain't going to let this one fall.
  5. FAST.AM


    What time does MS realease on Wed Morning? Conf call is 11am but what about numbers? Before the open??
  6. I thought I heard a chainsaw, off in the distance.:p