Looking for a Bottom? - Catching A Falling ——
Last week is indicative of the type of headlines and panics worthy of a possible bottom. I’m usually looking for the scapegoat being handcuffed and paraded infront of televsion cameras - last time I think it was Martha Stewart and some cable television guy …
However - this trader understands that most market bottoms usually come in with a thud, and I am just not convinced that we have heard it yet - although a 40 foot crater at the Pakistan Marriott is a telling sign - nothing for us to worry about…
Photo ops of the entire US Government represented by The Treasury, The Federal Reserve, The Speaker of the House, and the Senate - at the Presidents Invitation to…. spend 700 Billion to prop up a “house of cards” that the president just recently learned was a bit bigger than his.
Are We There Yet? A Look at The Vix and S&P 500
Currency Markets Acting Well Technically - Hypoyhetically - Not Speaking
Currency Traders with their heads in the sand and only watching the charts may be doing quite nicely, as the trend and momentum trading is nothing less than excellent…. There are other issues that are currently hypothetical that I will not delve in to, but the possibility of extremely unexpected surprises are possible that might affect the currency markets and the way many of us trade…
The Week That Was and… Will Be?
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HI Jerry
From your videos on VIX and SPY, to me it seems that if you put a trend line on the lows from 07 until now it looks like it was a support and now is a resistance.
On the Spy, the volume is impresive and the same pattern is seen on finiacial stocks and others. On this weeks there has been a incredible amount of volume to de upside, I read something on IBD also. Also the dollar is getting a little uplift compare to CAD and EUR or I am wrong.
Reinaldo Lopez
Good observations Reinaldo - The dollar was gaining ground, but that is all in question now.