The SP500 has been moving sideways for several weeks, is the pattern re distribution
that will be followed by a deathly plunge down to 1000, or is it accumulation
and a strong new rally will emerge.
As of today (before Euro Tarp) it still very very bearish, there has been
NO signs of strength. No serious buying is occurring. Any punch up in price
is just short covering (or automatic rally) to bank profits.
Don't you get the feeling that the big boys expect lower prices in Oct 2011,
and are not really interested until SPY 100 or SP500 1000 is printed.
We are financial market enthusiasts using methods expressed by the Gann, Hurst
and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides
online stock and index charts with commentary. We are not brokers, bankers,
financial planners, hedge fund traders or investment advisors, we are private
investors.
LEGAL DISCLAIMER: The material is presented for educational purposes
only and may contain errors or omissions and are subject to change without
notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible
for any actions you may take on any comments, advice,annotations or advertisement
presented in this content. This material is not presented to be a recommendation
to buy or sell any financial instrument (including but not limited to stocks,
forex, options, bonds or futures, on any exchange in the world) or as 'investment
advice'. Readtheticker.com members may have a position in any company or security
mentioned herein.
Circle Us