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Nasdaq to test resistance levels (on no volume)?
The trader wrote about the market reaching some support levels in the Equities Markets yesterday, while Gold looks somewhat short term toppish. The market is continuing to climb the Wall of Worry on no volume. What if Nasdaq starts taking us higher, and crushes all those bearish views out there? Could we possibly be seeing an inverted head and shoulders formation that could take Nasdaq well above the big resistance level. Such a move up, could be the last “get everybody go long”, before we finally start the big move down.
while Gold is topping out as we suggested yesterday,
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What was that movie with Richard Dawson and Schwarzenegger? Running Man? (that movie, or maybe "Idiocracy" - it is a nightmare either way)
Yeah, I feel like I'm trapped in a movie.
Now when were the market this disconnected from the reality of most Americans?
Oh yeah, 1929!
But...back then...most Americans had some acres, an outhouse, and old world survival skills. Ooops!
Peanuts! Popcorn! Cotton Candy!
I have no opinion on the stocks; they'll either get my stop loss on my DJIA short, or they won't. Whatever.
I didn't know HFT algo's worry.
Ghost in the machine
Just a reset in the matrix.
LOL. reset in the matrix, eh? I expect prices to firm up and improve. I may be wrong.
So all you Karnac's out there, what is going to happen to PM's between now and Friday when the HK exchange starts trading silver, and then in the weeks following?
Nothing different than if HK didn't exist. HKE isn't anything special - same players, same clearing, same HFT-advocacy.
debt problem kicked down road = Keynsian BULLISH
TERRY INGRID HILLSON
OK, I give, who the eff is TERRY INGRID HILLSON
http://lhmarketwatch.blogspot.com/
The arrogant pricks think their shit don't stink; everyone in the financial media ignored the drop; mustn't call attention to the obvious criminality.
Nope.....no manipulation there.
When was the last time gold put out 10 white candles in a row chicken little? I think a techical correction was in order.
yup, especially those lone fat downwards fingers in recent days..... not testing stoplosses at all.
Paper metals will go down.... further..... simple because someone wants it so.
ES also bumped up against resistance at around 1320
Let er rip. I took all my money out of the market 2 years ago and bought physical Silver. Can't stack and fondle Netflix.
It sure looks that way, but...there's always a "BUT":)))!
the market has a bad case of tooth ache.
I spent a half-hour studying the gold and silver charts; it looks like a minor buying signal. This only pertains to the Comex/globex; which is still trading. Both daily charts are still within their forty six degree upchannels; the gold chart in particular looks like a classic waterfall; a little hustle on the part of the girls and boys in New York so they can buy it at 1590. Obviously, I may be completely wrong about this; but the post above, says "gold topping out"; I don't buy it. that's not what metals look like when they top out. It should gain price back this week if I'm right and challenge $1600 again before the weekend. It's not a wonderful buy signal; but if you need to get a position on; it's an okay buy signal; use a 10 or 11 dollar stop. Cheers.
Fib retracement at 1558-1563 should also be considered.
reply to myself? if this is possible. the buy signal looks good; the bounce is good overseas.