A person is placed on suicide watch when he or she displays certain self-destructive patterns and behaviors. Likewise, a market is placed on crash watch when it displays certain destructive patterns and behaviors. As I’…
No one can deny that many indicators look bullish right now. The bears are rapidly running out of real estate, and the Dow in particular is within a stone’s throw of making new highs.
However, the burden of proof is now on the bulls. …
Yesterday the market formed a bearish reversal bar: it gapped higher at the open, but closed solidly in the red. These types of bars sometimes indicate buying exhaustion.
The market is now as overbought as I’ve seen it, and if this is still a be…
Wednesday’s market action pushed up into the 1300-1310 resistance zone I’ve been talking about for a couple weeks, and this is the bears last real line of defense in the short term. We’ve looked at so many indicators over the …
There is an unusual pattern that’s developed over the past couple weeks, where the market gaps higher in the morning, then gets sold for the rest of the day. This is often a reversal pattern, but it has so far not yielded a meaningful&n…
(When will Germany finally pull the plug? This weekend?)
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Greek Recession Deepens, Complicating Its Deficit Reduction
Posted Friday, September 2nd, 2011 at 9:50 am
Greece says its recessionary economy…
by LimeJuice2 I have a hard time reading Bill Gross anymore, or anyone talking about the US financial system/economy as if it’s a one country…
