Posted on 08/08/2011 2:00:16 PM PDT by NormsRevenge
Market watchers and technical analysts have often pointed out that financial markets often turn-around, in one direction or the other, on Tuesdays, specifically at about 10:15am. So, if history repeats itself and the pattern holds true, perhaps we will see a bounce tomorrow and a rally to a lower high in the stock market (a short-term high that is lower than the high in stock prices set back in July, hence a lower high).
Technical analysts look at the cycles, trends and movement of markets in price and time, which is different from fundamental analysis which focuses on the underlying characteristics of a stock or the market in general. Another way to put this is that technical analysts look at pieces of paper with charts on them of what an individual stock or stock index has done over time, and fundamental analysts look at other papers with the financials (balance sheet, earnings, etc) of a company's stock. So they are not on the same page, literally and figuratively, but that's good because two different views are helpful.
...
So, is it just an independent event that the US has just been downgraded by a rating agency because of its debt burden and teetering economy, or is there a cycle, pattern or event that could have brought this into focus as something to watch ahead of time?
On August 15th, 1971, President Nixon took the US off of the Gold Standard because the country was essentially broke then, after running deficits, huge expenditures for the Vietnam War and other global financial pressures (sound familiar). Now, after 40 years of testing comes August 2011, and global financial markets are diving on the news of a US downgrade, slow global economic recovery and widespread sovereign debt concerns in countries that wrap the globe.
(Excerpt) Read more at news.yahoo.com ...
Tuesday 8/9/11
Place your bets.
Up or Down?
And what if it continues straight down?.....
DOW closed at
Dow 10,809.85 -634.76 -5.55%
Gold 1,718.00 +66.90 +4.06%
Even a dead cat bounces once...
Hey if some dope thinks this is just some “great buying opportunity” then go right ahead and put up.
This wasnt just some down day on the NYSE because of some profit taking.
.
A teleprompter being read by U.S. President Barack Obama shows a sentence written in defiance of the lowering of the U.S. credit rating in the State Dining Room of the White House in Washington, August 8, 2011. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS)
The Computers are controlled by Sachs, So who knows what the scam will be?
Watch the futures this evening......
It should give some guidance....
Down.
Europe opening at 4 am EDT will be key to direction in US mkts tomorrow.
What a disgrace. He can’t even give a 3 minute statement w/o his trusty sidekick Telly Prompter.
Obama is a marxist. He is fundamentally changing America and part of that change, from his perverted persepctive, is to destroy the free market and the economic system it fosters. He is well on his way to doing just that.
It is not an accident. He is not trying to "fix" it.
Because the markets are being manipulated.
Just like in the weeks before the 2008 elections. One day they were down 700, the next day they were up 800.
There are people who make money whether the market goes up or down. They make money off each trade.
I'm guessing George Soros is behind a lot of this but, obviously, he knows how not to leave fingerprints.
Remember Hillary Clinton's stockbroker who turned her 1,000 dollar investment into 100,000 dollars? Redbone or something like that. Or was that Bill Clinton's Secret Service call sign?
UP UP UP My wife’s an investment adviser
Keep an eye out for news of near-future airdrops of monstrous amounts of free money.
so Soros can make another few billion
What are the Democrats doing? Blaming the referees! Blaming Standard & Poor's! That always changes the outcome, doesn't it? Blame the refs. You people in Seattle? The Seahawks, Super Bowl, 2005, Steelers? Blame the refs. Last time I looked the Steelers still won the game. So go ahead and blame Standard & Poor's all you want, Democrats. Now they're blaming the military! Barney Frank's blaming the military. Rumsfeld was on our DC affiliate this morning, WMAL. You know our military spending is 4% of GDP right now? Military spending is 4% of GDP. During the Eisenhower administration in the fifties, post the WWII, defense spending was 10% of GDP. Today it's 4% of GDP, and Barney Frank and the Democrats are try to say it's the military's fault that we've been downgraded.
This is the fault of the Democrat Party ....
In fact, Warren I'd say he's a dumb ass.
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