Saturday, November 6, 2010

Some interesting levels...before the ship is abandoned

Friday, November 5, 2010

The Dow Industrials...Abandoned or boarding ship...


NASDAQ - Abondoning "ship" baby

The same type of action was seen in 2007 for the NADAQ and market highs.

Thursday, November 4, 2010

Dollar update

VIX does not make new lows...

Obviously this is a big deal...perhaps there actually is a market that Ben BernaNke does not manipulate.

Market Update

Daily ES/SP500 system have initated new shorts over the last few days. The TF Daily system initated a short on the close yesterday and will likely add today. While the weekly systems are still short, having built nearly full size positions and expecting a drawnout and painfully large drop into the end of the year.

" does no good at all to just throw dollars from a helicopter"

Brazil will use the upcoming G20 meeting as a forum to complain about the Fed's decision to print billions of dollars to bolster the US economy, Brazilian finance minister Guido Mantega said.

Mr Mantega told reporters the Fed's decision could aggravate imbalances in the global economy.

"Everybody wants the US economy to recover, but it does no good at all to just throw dollars from a helicopter," Mr Mantega said. "You have to combine that with fiscal policy. You have to stimulate consumption," he said.
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