How's That Recovery Comin?

[randallscott35]

Originally Posted by jms62

I've been short via ETF's since Week of March 7 when Nasdaq Weekly MACD turned negative. Just getting my head above water the last 2 weeks... 200 Day average coming up shortly on both COMP and SPX, you usually see a bounce. Interesting to see how this afternoon will play out given that it is the summer.. If you see a recovery I'd be extremely worried as it is a setup.

There never was a recovery. Asset prices driven up by funny money. 45 million on food stamps and getting worse daily.

[jms62]

Originally Posted by randallscott35

There never was a recovery. Asset prices driven up by funny money. 45 million on food stamps and getting worse daily.

Dude.... I'm talking technical Bounce off preceived MA Support not a recovery.. I certainly will not be a buyer of any bounce until Weekly trend turns around..

[randallscott35]

Originally Posted by jms62

Dude.... I'm talking technical Bounce off preceived MA Support not a recovery.. I certainly will not be a buyer of any bounce until Weekly trend turns around..

Got you...

[jms62]

Originally Posted by randallscott35

Got you...

And from what I am seeing it seems China Market is looking like a big ponzi scam. Racked by crooked accounting... They may be in for a world of hurt as they were considered a safe haven.. Many brokerages have put a policy of no margin trading on their stocks trading here.

[jms62]

Comp low 6/12 2629.61 200 Day MA 2630.95

Look for a rally back to 2730-2750 area

[randallscott35]

Originally Posted by jms62

Comp low 6/12 2629.61 200 Day MA 2630.95

Look for a rally back to 2730-2750 area

Yeah the good wave guys say SnP to 1306ish before we test 1220

[otisotisotis]

Originally Posted by Coach Pants

that is the craziest damn place.....

[randallscott35]

The Fed’s report corroborates data yesterday showing New York-area manufacturing shrank in June and adds to evidence the economy’s slowdown extended through the second quarter. Unemployment above 9 percent makes it difficult for Americans to ramp up spending, helping explain why central bankers may keep the benchmark interest rate near zero into 2012.

“Economic data have taken a decided turn for the worse, manufacturing in particular,” said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York. Job growth “is going to prove fairly disappointing,” he said, and that means “the consumer is not going to have enormous ammunition for spending.”

Originally Posted by otisotisotis

that is the craziest damn place.....

Some of the greatest trolls on the internet.

There is good info...just have to filter through the trollfest.