SP500 Review with Gann Angles

By: readtheticker | Mon, Sep 5, 2011
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The market has been smashed, down 16%.

The market has been smashed, down 16%. But has it stopped. Wyckoff fans need a base to see some sort of accumulation to prove that some buying is going on. But not yet. The sell off needs a few months to heal and prove that strong support has been secured.

Wall Street wants QE3 to push up asset prices. They also know they wont get it until a few politicians are scared sh*tless. So I suspect the market will be sold down to SPY 100 and then wait for the screaming to start. Sept and Oct 2011 will be very interesting.

SPY

 


 

readtheticker

Author: readtheticker

readtheticker
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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/