Match Up, Sell Off May 2010 vs Sell Off Aug 2011

By: readtheticker | Thu, Oct 6, 2011
Print Email
Match Up, Sell Off May 2010 vs Sell Off Aug 2011

May 2010 saw the stock market fall 15%, August 2011 (so far) also has seen a 15% sell off. Is it the same or is it different. Investors get ready it could hurt!

May 2010 sell off 15%
- Greece woes was blamed
- Flash Crash was also blamed

Aug 2011 sell off 15% or so
- Europe woes
- China slow down fears
- USA recession fears

Is it different this time? If you review the count of new 52 week lows on each price plunge down, then you must say that IT IS different this time. There is more fear about as Managers liquidated positions aggressively.

The Aug sell off does not look like May 2010, it looks more last Nov/Dec 2007. Therefore we can expect more false rallies, pumps ups and consolidations that will eventually fail. One thing we are very sure of with the Aug 2011 sell off is that we are yet to see the massive climatic sell off as we saw Feb/Mar 2009.

We expect a pause in the US dollar rally. Then we expect a Wyckoff test of the trend, then to be followed by an explosion upwards as all suddenly realize the bear market is full throttle.

Of course is USA does a full Zimbabwe then that's a game changer.

Get ready for more market fun.

Reference: Latest SP500 Review

Match Up, Sell Off May 2010 vs Sell Off Aug 2011

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

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.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

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