Trading Now

Trading Now

Wednesday, March 23, 2011


The volume is falling but price going up up and away? This is a headfake rally. If XLF falls below 15.95 and IWM breaks 81.60 then its all over till earnings season starts on April 11. The scheisters are setting the market up for their benefit and your stupidity. The MACD is now rolling over and the Stochastics are in the kill zone. If they do QE3 in June or hint of it then we will see 15,000 on the Dow. But there's a long way to go till then. They are likely to come back and test that
1250. And with oil now trading at $106 a barrel, you can bet your booty it will retest. The weekly long term chart looking out 3 months is still RED!

No comments:

Post a Comment


Wikinvest Wire