Investidores apertam os cintos. Vem aí muita turbulência nos mercados

[Incognitus]

Tudo bem, mas o tipo disse que estava short e shortava todos os rallies durante toda a "subida da guerra" ... não deve ter tido resultados lá muito agradáveis.

[Surfer]

Ehehhehe.....Toma lá!!...

Twin Peaks


No it's not David Lynch’s 1990s cult classic… but it is what is happened in the market recently.
we have had two rallies as of late with each rally coming up to roughly 900 on the S&P 500… the second time stochastics lagged by about 20 points. (Nonconfirmation)

By the way for any of you who don't already know this my daily comments are spoken into the computer by way of Dragon Systems naturally speaking. So sometimes grammar doesn't make sense etc, -it's just the way I'm talking. Which certainly isn't grammatically correct, but hopefully it's understandable… so where were we…

We've got nine months of moving sideways, after significant declines over a 2 1/2 year period. So many look at this as a bottom, however I think it's important to point out, that we have had periods like this before, and the resolution ultimately was another leg down.

what is different about this period vs others is that this “bunching up” is occurring underneath a prior neckline of support, and that this same support level is plainly obvious for most stocks particularly those in the S&P 500 and the upper Tier of the Dow Jones industrial average…

Once a support level is violated that support level becomes resistance

the common theory holds that once a level in the market has been broken down through and if that level had been a significant level of support for a significant period of time then that level becomes resistance… I find no reason to conclude that what is happening now is any different… and that is why each attempt at a rally has failed with the resolution to the downside… what I would like to see is 4000 on the dow… but until then I would like to see a violation down through 800 on the S&P 500 on a closing basis on a weekly bar… -if you see the market close beneath 800 on a Friday afternoon,-that's pretty significant… -we shall see….

By: Damon Vickers "cowboy"