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Chart Update and the iCrash

Submitted by thetrader on 03/20/2012 13:18 -0400

Dax has been showing signs of fatigue over the past sessions. With volatility at relatively low levels, we wonder what investors would think of another 3,5% down day in the DAX?

This market action is “troubling” both bulls and bears.

The Bigg(est) bull is bullish as ever, especially on Apple. Somehow we can't but think about the iCrash.

Chart levels below.

DAX

Stoxx 50.

MIB

Spain

Dax vs US 10 yr. Last time rates traded here Dax was 1000 points lower.

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Tue, 03/20/2012 - 22:45 | 2275653 alexwest

most ugly charts i ever seen.
please go away

alx

Tue, 03/20/2012 - 20:38 | 2275370 Wakanda

Stick a fork in it, Apple is done, and I am a fanboy of the fruit company.

Japan is toast/irradiated
China is landing hard
$5 US gasoline
consumers are burnt out, trying to save
martial law "ready for take out" in the USA
Syria getting Soviet boots on the ground
Iran prepping to close the straits
NATO sabre rattling with 4 carriers offshore
debt, debt, and more debt...

hey, what could go wrong?

Tue, 03/20/2012 - 18:28 | 2275050 TradingJoe

Thus whe you least expect it, hence THEY get you:()

Tue, 03/20/2012 - 18:09 | 2274999 Lady Heather...UNCLE

agree...meaningless

Tue, 03/20/2012 - 17:56 | 2274957 skepticCarl

Trader, those lines drawn on the charts have to be the most ambiguous, arbitrary, and/or worthless ever presented. Because of the way they are drawn, any price action, up/down/or sideways, will cross them in the coming months. But what will that signal? More up? Maybe down? real breakouts? false breakouts? Short term or long term trend changes?

Of all your articles, this one is the most useless.

Tue, 03/20/2012 - 17:27 | 2274847 NuYawkFrankie