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"It Doesn't Matter Till It Matters"
For the last 35 years, The Dow Industrials has found one technical level to be crucially important in knowing "when to bail on stocks." Currently that level is 15,334 - a closing break below spells significant downside... Of course, none of this matter, until it matters!
The 200-week moving-average has been an incredible source of support... and indicator of trouble...
And last week's plunge perfectly stopped at the 200-week average support...
So all eyes on 15.334 if The Fed hikes or not.
h/t NewEdge's Brad Wishak
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The 200 MDA is a "thing?"
Wow.....Tyler must have been up against the wall to get SOMETHING...ANYTHING up.
Plunge protection team, man the battle stations! Tyler says we have have to protect DOW 15,334 at all costs.
200 week not 200 day. What is really going to get people excited is when we approach the 500 week moving average at DOW 10,000.
If you are still in this market then any technical marker means very little to you. The breakdown in all meaningful metrics is and has been developing for several months and you are obviously incapable of recognizing them.......gl you'll hold on til the very bottom
Or perhaps you ignore the technical markers and instead are counting on the "Too Big To Fail" team to continue propping up the entire perverted system.
Wait till we break the 700 week ma
The truth is that printing/buying by the Fed has been set on a linear increase all the while the liabilities of the U.S. government are growing exponentially...
Ah fuck it, pass the scotch...
Finally a cogent post
Hey Laws, may I have one of those fine looking Cuban cigars in your shirt pocket???
;-D
RATS!!! If I could just get my hands on an infinity symbol, I would certainly find some way to use it here...
You could be searching forever.
Market support and resistance levels, and it's all a con-game now.....
ZH - yes. I was watching the number 15,290 for the Dow. But your value is close enough.
We will see what happens.
WAY O.T but curious if they have started the debt clock again? It looks like the smaller smounts keep spinning but when it gets up to the billiions seems to recycle...
I still can't believe that Japan's market went up 7.7%, is now at a 7 year high and it's highest since Lehman. Might be a good idea to have popcorn ready tonight, just in case.
What happens is the Fed will start lending even more credit backed by mutual funds or any other derivitive product. Liquidity is the only solution the Fed has so it will be used.
The game is more important then the players. So must continue even in the absance of players. What better way to control prices then by removing the players from central priceing.
we're propper fuked?
Throw all the charting bullshit out the window; we now have free money and trillions of it which never existed in past history! Nor did we have the levels of deception, corruption and lies from the Wall Street pigs or the Federal Reserve and Media as we have today!
Can't they monetize the paper gold shorts? Should be worth a few trills
What about "the fucking cunt yellen moving average" whereby the market is not allowed to fall more than 2% in any given day.
Try going short below this average. It's painful.
Its been seven years. You would think that ZH would have learned how to BTFD by now.
There is no one indicator that can be considered definitive. That's why technicians look for confirmation. Dramatic narratives in place of data will lose you money, but people love a good story, especially if it has a car chase and a few explosions.
If you know in the pit of your stomach that something’s not right?
Then… you’re right.