If your bearish it's time to short 2-1-08

Discussion in 'Technical Analysis' started by Aaron Copland, Feb 1, 2008.

  1. Indexes return to support now turned resistance. So if you think the economy will get worse, and wqe are at the start of a bear market this is your chance. SP500 1400, DOW 12700.
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  2. Its sort of funny we have just clawed our way back to were the Bernake fed did their first suprise cut back in August.

    The 200 day is rolling over. We were just a few weeks ago wayyyyyyy below the 200 day moving average. A snap back was overdue.

    Were we go from here is anyone guess.
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  3. Nice mirror image on the chart.

    If it gets back over resist it would be very bizarro.

  4. Some stats on US Index and treasuary yields. Look how far below the 200 day moving average these yields are.
  5. gdh


    Aaron, did you mean to show DIA or DJIA on your chart?
  6. It's pretty much the same thing.
  7. SP 500 cash index, return to support turned resistance
  8. Its just mind numbing to me that the market has once again returned to these obscene levels with everything thats going on. Bernanke and his god damn fed just refuse to let us have a normal bear market. I for one am just sickened by this market. :mad:
  9. bgp


    yes, i see a high the week of feb. 4th on wed. my cycles seem to hit on wed. i don't think it will be the hi tho for this move until the 3rd. week of feb.

  10. bgp


    excuse me wed. is feb.6th

    #10     Feb 1, 2008