Seems like good risk management to get out...people tend to forget that higher oil prices are bad for American consumer. Weak dollar good for internat'l conglomerates...disaster for average consumer.
just an observation, but the dollar is again getting hammered, yet the equity markets aren't doing much.
the dollar and equities have obviously been going in opposite directions, but today's activity seems to be a change in landscape. could it be that folks are getting concerned that a continued rise in oil could have ripple effect on our growth prospects?
Yavar (sorry, I couldn't figure out how to get the accent over the "a" in your name), I had hoped a correct of any magnitude would not occur until the SPX had reached the 50% retracement level near 1120.
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Seems like the resistance at /ES 1096 is formidable.
Seems like good risk management to get out...people tend to forget that higher oil prices are bad for American consumer. Weak dollar good for internat'l conglomerates...disaster for average consumer.
Hey Carl, what do you make of the divergences in 5- and 10-dma of A/D issues?
agreed.
just an observation, but the dollar is again getting hammered, yet the equity markets aren't doing much.
the dollar and equities have obviously been going in opposite directions, but today's activity seems to be a change in landscape. could it be that folks are getting concerned that a continued rise in oil could have ripple effect on our growth prospects?
It seems that a break to 1070-1075 has started. There hasn't been any major correction since Oct. 2 and it's the time to see one.
Now, if that's not a supply shock, then please show me what one looks like.
Yikes.
Yavar (sorry, I couldn't figure out how to get the accent over the "a" in your name), I had hoped a correct of any magnitude would not occur until the SPX had reached the 50% retracement level near 1120.
I do not see your 1120 on the horizon... I now see the start of a new Bear Mkt once we lose 1075 area!
Good Luck
ok folks..be very careful..TOP may be at hand...tomorrow gapdown below 1075 & w/ that coffins for bulls
During the last couple of days, there have been four major swings of approximartely 20 points each.
Carl, is there a way to accurately play each of the swings and capture all of the 80 points, at least theoritically if not practically?
kishore, is that is possible one could be millionaire in a jiffy
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