Important Charts (DAX;STX;SPX;NDX)

thetrader's picture



As the market was sold aggressively into supporty levels by the end of last week, we are seeing some bounces in all Markets this Monday. Many markets are trading in almost “uncharted” territories. Note several markets are trading very “distant” from the 200 day moving average. This is not telling us to go long, but is showing how extreme the sell of has been. With HFT dominating all trading, and there is a lack of liquisity, the move up could be very furious. Below DAX, Stoxx, S&P and Nasdaq. We expect the bounce to continue, until we get everybody long. Also note the Stoxx is up some 35% from the bottom in 09, while the S&P is still up some 70% from the magic 666 (not deducted for the USD weakness).


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chinawholesaler's picture

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working class dog's picture

Put a stop to HFT, and bring a real market back to life instead of video game bullshit that has nothing to do with the intent of the market, and that is to permit bonafide legitimate companies to raise capitol without all the asset shuffler assholes video gamers terroizing and destroying our capitol markets,


that is what I really think.

TradingJoe's picture

One more time for the slow ones...short this bounce or STB!

chartcruzer's picture

given oversold condition and divergences,,, a bounce is reasonable.    but dont get gready when no QE3 this week we have a nice down catalyst again[s206018187]&disp=P

note we have an EMA cross + a PSAR sell...   down down down....  yum love those leveraged shorts.....

SheepDog-One's picture

And remember its all fake anyway, plus Bernanke has to generate some breathtaking drops here real soon if he wants QE3 to be demanded. 

yabs's picture

wave 4 up of 1 dowb is my guess.

could be a good short before wave 5 down hits markets