Discussion in 'Trading' started by 1a2b3cppp, Aug 11, 2011.
NO! SPX 1000 is coming!
I guess all the yes votes are coming in because they know that BUBBLE ben bernanke will not let the markets drop, that he will come in and prop the markets up once the SPX starts to break yearly lows!
I dont think the bottom is in but I also dont believe this will take 2009 lows.
you cannot be sure - there are only odds and for now the odds favor downside
Equity counter trend rally breaking down in aftermarket.
Will it be rescued later today ? Futs last price 1159.
The uptrend since March 2009 was a bear market rally contained within a much larger downtrend that started in 2000 â According to my indicators the March 2009 lows will not hold.
This is typically the worst quarter of the year so a rally into Xmas would not be unexpected.
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