Yes , Bad news were ignored and market held in order to get a continuation, it will then plummet when the current buyers feel like its enough profit which IMHO is not less than 1130.
very good prediction, good job man down a couple of bucks from following it though youre prediction is making me lose money man, WTF MAN? I want to sue you man! WHATS YOUR NAME and city????????? shortie, I repeat ,what is your full name and city?
sorry, mate. i have a contrarian play going based on the poll. we shall see if the profits are still there when the week is over. http://www.elitetrader.com/vb/showthread.php?s=&postid=2751254#post2751254
The dollar/equity market decoupling yesterday recoupled today with dollar/equity indexes moving inversely. As the Pound and Euro slide it is gonna be a drag on US equity gains. With all these factors: Currency crosses, Govt stimulus spending slowing, interest rate stabilization, and a fair amount of overhead resistance. I say we go sideways in a trading range. We're testing for the high of the trading range now. FWIW the P & F charts suggest a 1130 to 1030 range.
Here's a brave and honorable man. http://www.npr.org/blogs/thetwo-way/2010/03/bunning_defends_his_position.html He delayed an extension of jobless benefits to the unemployed.
the market is weak, don't trust the indexes going up. look at a few stocks that gapped up and fizzled out: BA, MON, CAT