Originally Posted by TheInvisibleHand Scalped some yesterday, didn't expect it to keep heading up today monster last 2 days again. Hit a high of 7.80 Please comment in the big board forum> http://wakingthebull.com/showthread.php?223687-HEAT-Smart-Heat-(NASDAQ)
Originally Posted by WakingTheBull As we approach our Second Year we rely on our members support, If you value the the profitable information found on WAKINGTHEBULL.COM , Please donate what you can so we can continue to provide valuable information to our grassroots community. CLICK HERE TO DONATE Here is a look at how the major Indices fared this week: DOW ($INDU) The closed up 466.89 @11284.54 below it's MA(200) @11987.39 S&P500 ($SPX) The S&P 500 closed up 53.27 @1176.80 under it's MA(200) @ 1283.74 Volatility Index ($VIX) The Volatility Index closed down 7.46 @35.59 over it's MA(200)@20.01 Baltic Dry Index ($BDI)The Baltic Dry Index, an index that measures shipping spot freight rates of various dry bulk cargoes closed up 127 @1541.00 over it's MA(200) @1520.52 Gold ($GOLD) Gold closed down 24.50 @1830.80 for the week above it's MA(200) @1481.12 Silver ($SILVER) Silver closed down 1.21 @41.72 above it's MA(200) @34.81 U.S. Dollar ($USD) The U.S. ...
Originally Posted by WakingTheBull
Originally Posted by TheInvisibleHand As we start the week expect the market to reverse back up from it's free fall last week. The recent news of a 950 billion bail-out plan for the euro zone, will be the excuse for the coming Rally. $VIX -VOLATILITY INDEX The $VIX finished last week @ 40.95 we could see as quick of a drop back to the 30's as it is also currently in over bought territory. $USD- DOLLAR The $USD is in overbought territory and should also head lower this week as other indicators are also suggesting it's move went to quick to fast, and we should expect it to retrace lower. $INDU -DOW JONES ...
Originally Posted by TheInvisibleHand The Dow Intraday Plunge can be blamed on a computer error, Greece, high frequency trading or any other reason. They might cancel trades but the chart will remain the same. Do we now believe the chart? A chartist has to trade the market he is in and play the chart in front of him. The market broke through support 10800 and started it's drop crescendoing down 1000 points. The Dow hit a intraday low of 9869.62 in minutes to then quickly rebound 500+, then to close @ 10520.32. The Dow was down - 347.80 to end the session. These days and in days past, wall street is acting like a rigged casino and as always is filled with smoke and mirrors. Technical chartist use a chart as a chart not what caused the chart to be the chart. This move, plunge, computer error, or manipulation this correction was good for the chart. Volatility Index ($VIX) We saw ...
Originally Posted by WakingTheBull ARTICLE: Gold Prices Break $1,200
Originally Posted by TheInvisibleHand 10700-10800 Support Should Hold, If these levels break the Dow has strong support @ 10600 and the 10500 area. The key is to watch the 50(ma) @ 10821, keeping in mind we are concerned with open and closes and not inta-day. Expect the bull market to resume after this correction and 11000 will be overhead resistance.
2009, a year to remember. A year of panic and rapid economic decline for many Americans. The DOW reached a low of 6500 and unemployment reached over 10%. The housing market further declined with massive foreclosures alongside the continuing credit crisis. This was a year where weakness in the banking industry shook consumer confidence resulting in a run on banks that forced the government to pass out Billions in Government Bailout funds to keep them going. These actions left the Tax Payers holding large stakes in these shaky institutions with no understanding of if or when they would be paid back. There was even talk of Nationalization. A year of massive hedge fund redemption's forcing half of all hedge funds to close their doors. A year when a 65 Billion Dollar Bernie Madoff Ponize scheme further shook the investment community. A year that saw the fall of two of the Big 3. Gm and Chrysler filed for Bankruptcy protection after receiving Tax Payer funds that failed to keep ...
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