Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Turn-Around Tuesday for Markets? How Do They Know?
Yahoo ^ | 8/8/11 | Troy Onink - Forbes

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 ...


TOPICS: Business/Economy; Foreign Affairs; Government; Politics/Elections
KEYWORDS: barackalypsenow; debtmanwalking; downgrade; economy; helicopter; markets; money; obamageddon; qe3; stockmarkets; stocks; tuesday; turnaround
Navigation: use the links below to view more comments.
first 1-5051-58 next last

1 posted on 08/08/2011 2:00:17 PM PDT by NormsRevenge
[ Post Reply | Private Reply | View Replies]

Tuesday 8/9/11

Place your bets.

Up or Down?


2 posted on 08/08/2011 2:01:28 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

And what if it continues straight down?.....


3 posted on 08/08/2011 2:02:08 PM PDT by AngelesCrestHighway
[ Post Reply | Private Reply | To 1 | View Replies]

DOW closed at

Dow 10,809.85 -634.76 -5.55%

Gold 1,718.00 +66.90 +4.06%


4 posted on 08/08/2011 2:03:03 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AngelesCrestHighway
And what if it continues straight down?.....

Even a dead cat bounces once...

5 posted on 08/08/2011 2:03:48 PM PDT by JrsyJack (a healthy dose of buckshot will probably get you the last word in any argument.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: NormsRevenge

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.


6 posted on 08/08/2011 2:05:18 PM PDT by VanDeKoik (1 million in stimulus dollars paid for this tagline!)
[ Post Reply | Private Reply | To 1 | View Replies]

ToTUS Says??

.

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)


7 posted on 08/08/2011 2:05:40 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

The Computers are controlled by Sachs, So who knows what the scam will be?


8 posted on 08/08/2011 2:05:53 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Watch the futures this evening......

It should give some guidance....


9 posted on 08/08/2011 2:06:15 PM PDT by nevergore ("It could be that the purpose of my life is simply to serve as a warning to others.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge
Up or Down?

Down.

10 posted on 08/08/2011 2:08:16 PM PDT by Bloody Sam Roberts (Be prepared. It's a hard rain's that's gonna fall.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: nevergore
As I type this, DOW Futures are DOWN -70 points.
11 posted on 08/08/2011 2:09:32 PM PDT by newfreep (I am a "terrorist" and I am Sarah Palin!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: nevergore

Europe opening at 4 am EDT will be key to direction in US mkts tomorrow.


12 posted on 08/08/2011 2:09:43 PM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
[ Post Reply | Private Reply | To 9 | View Replies]

To: NormsRevenge

What a disgrace. He can’t even give a 3 minute statement w/o his trusty sidekick Telly Prompter.


13 posted on 08/08/2011 2:10:07 PM PDT by petercooper (2012 - Purge more RINO's.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge
If the admin believes this and spreads that word, then I will believe that Rush was right and the Fed has been out buying futures.

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.


THE MAN WHO DESPISES AMERICA

14 posted on 08/08/2011 2:12:20 PM PDT by Jeff Head (Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Turn-Around Tuesday for Markets? How Do They Know?

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?

15 posted on 08/08/2011 2:13:35 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

UP UP UP My wife’s an investment adviser


16 posted on 08/08/2011 2:14:06 PM PDT by supremedoctrine (No need for a tagline, but here it is anyway..........)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge

Keep an eye out for news of near-future airdrops of monstrous amounts of free money.


17 posted on 08/08/2011 2:14:56 PM PDT by familyop (We Baby Boomers are croaking in a noisy avalanche of rotten politics smelled around the planet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

so Soros can make another few billion


18 posted on 08/08/2011 2:16:01 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Obamageddon, Barackalypse Now! Bam is "Debt Man Walking" in 2012

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 ....


19 posted on 08/08/2011 2:16:43 PM PDT by Servant of the Cross (the Truth will set you free)
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge
Man he is really pathetic!

In fact, Warren I'd say he's a dumb ass.

20 posted on 08/08/2011 2:17:19 PM PDT by skimbell
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge
Place your bets.

Hmm...1100 down in the last two sessions. These are the subtle signs we professional investment advisers look for that indicate a weakening market.

Dead cat bounce on Tuesday. And yes, it's a guess.

21 posted on 08/08/2011 2:19:18 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 2 | View Replies]

To: newfreep
As I type this, DOW Futures are DOWN -70 points.

http://www.cnbc.com/id/17689937

Better check again. +23 (+32 as compared to 'fair value').

Who in the world knows what it'll be at the open tomorrow?????

22 posted on 08/08/2011 2:21:44 PM PDT by mn-bush-man
[ Post Reply | Private Reply | To 11 | View Replies]

To: NormsRevenge

Both


23 posted on 08/08/2011 2:24:16 PM PDT by al baby (Hi Mom!!! I know i was kidding)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge
We have NEVER been so into debt as we are now, and all bets are off on what happens next.

HOWEVER, rest assured that even if it only drops 400 points, the State-Run-Media will credit The Messiah's non-speech with turning the tide from the previous 700+ point drop, and "cutting the drop in half".

That's the way it will be parroted.

24 posted on 08/08/2011 2:24:36 PM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Since all those liberal experts who said yesterday that it wouldn’t go down today are saying it will come back up tomorrow, I’m betting another drop.


25 posted on 08/08/2011 2:25:08 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Recovery Summer II meets Turnaround Tuesday I

wE'rE scrEwEd

26 posted on 08/08/2011 2:25:22 PM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Rush was on this today. He conjectured--not predicted, but just conjectured that the Fed may send out a bunch of buy orders to the futures market to make it appear as though there is an impending demand to buy. That would cause a rally tomorrow.

As he said, it wouldn't be the first time this has been done.
27 posted on 08/08/2011 2:25:45 PM PDT by Sudetenland (There can be no freedom without God--What man gives, man can take away.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Servant of the Cross

I’m waiting for the outraged cry of

“Barack-o-lips? That’s racist!”


28 posted on 08/08/2011 2:26:05 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
[ Post Reply | Private Reply | To 19 | View Replies]

To: NormsRevenge

I know it’s been said before a thousand times, but Obama’s biggest talent is reading the teleprompter.
DAMN, he’s good at that!
Unfortunately, the only content he’s got to read is news
of the dreadful situations he himself has created.
He is , in effect, imprisoned by himself.
Must be an emotionally claustrophobic effect to deal with.
Ultimately, he has no more credibility as a President as, say, Dan Rather did as a creator of World Events, yet it’s as a NewsReader/NewsMaker that he’ll be remembered.
Because it’s ALL BAD NEWS.


29 posted on 08/08/2011 2:26:57 PM PDT by supremedoctrine (No need for a tagline, but here it is anyway..........)
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge

Probably because there are people who think it will turn around and now is the time to buy...I hope they don’t mind their money being tied up for the next 15 months because it won’t be earning much until this asshole is thrown out of office. I wouldn’t put a single “copper plated, zinc coin” on stocks right now. {In case anyone doesn’t know, that is a “Penny” right now} - worthless and costs more to mint than it’s worth.


30 posted on 08/08/2011 2:27:23 PM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: nevergore

Rush made reference to this today on the radio.


31 posted on 08/08/2011 2:29:41 PM PDT by cubreporter (From TEA to Shining TEA - Go Rush Limbaugh..a giant of all that is good.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: mn-bush-man
BLOOMBERG

http://www.bloomberg.com/markets/stocks/futures/

DJIA INDEX 10,737.00

DOWN -72 from 10809

32 posted on 08/08/2011 2:29:41 PM PDT by newfreep (I am a "terrorist" and I am Sarah Palin!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: VanDeKoik

Well I did pretty well.

Had some extra cash back when the market hit the low point a couple years back. Put it in a mutual fund. Got a bit skittish back around the middle of June so I cashed out.

Got 40% but will own taxes on that.

I just POed I didn’t by some Ford stock when it was $1 per share. Arrrrrrrrrrrrr.


33 posted on 08/08/2011 2:29:58 PM PDT by PeteB570
[ Post Reply | Private Reply | To 6 | View Replies]

To: NormsRevenge

Someone in that room is trying to get the word out about what a dufus this guy is, or this is photo shopped. Which is it?


34 posted on 08/08/2011 2:30:35 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge

Rush mentioned something about the Feds buying futures and manipulationg the market to improve the numbers.


35 posted on 08/08/2011 2:32:39 PM PDT by skr (May God confound the enemy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: newfreep

Ummmm... from your link:

DJIA INDEX

10,748.00 (Value)

22.00 (Change)

10,733.00 (Open)

10,750.00 (Futures High)

10,733.00 (Futures Low)

16:57 (Time delayed - 15 minutes)


36 posted on 08/08/2011 2:35:23 PM PDT by mn-bush-man
[ Post Reply | Private Reply | To 32 | View Replies]

To: NormsRevenge
I have no courage of conviction, I won't be making any trades and I've been out of the market since April, but I'd bet up.

I'd say in the neighborhood of 200 points.
37 posted on 08/08/2011 2:36:16 PM PDT by Proud_texan (Scare people enough and they'll do anything.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge

There is a big buck antelope grazing in my lower field. I thought if he turns to the right, the market will recover, if he turns to the left, the market will stay the same or decline. He turned to the right. Well I made the last part up but there is a large buck antelope down there and this is Montana. :-)


38 posted on 08/08/2011 2:38:02 PM PDT by jesseam (Been there, done that)
[ Post Reply | Private Reply | To 2 | View Replies]

To: skr

What would happen if someone in the fed put the word out that this was being done? Wouldn’t someone go to jail? Never mind. We know the answer to that.


39 posted on 08/08/2011 2:44:42 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: MrB
“Barack-o-lips? That’s racist!”

An empty accusation, at best, and they know it.

"Barack-o-lips." That's not racist.

"Barack-o-ears" on the other hand? Now THAT'S racist!

40 posted on 08/08/2011 3:00:21 PM PDT by HKMk23 (YHVH NEVER PLAYS DEFENSE)
[ Post Reply | Private Reply | To 28 | View Replies]

To: NormsRevenge

The stage is set for the next pump and dump. The manipulators have to start getting ready for the holidays


41 posted on 08/08/2011 4:05:18 PM PDT by paul51 (11 September 2001 - Never forget)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NormsRevenge

0bama’s minions will pump a lot of money in the futures market to create an uptick perhaps .


42 posted on 08/08/2011 4:15:58 PM PDT by lionheart 247365 ( -:{ GLENN BECK is 0bama's TRANSPARENCY CZAR }:-)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PeteB570

I feel the samne way, I wanted GE at $6 but was too chicken.

I see under 10,000 by the of trading Friday


43 posted on 08/08/2011 5:34:25 PM PDT by She hits a grand slam tonight
[ Post Reply | Private Reply | To 33 | View Replies]

To: supremedoctrine

“UP UP UP My wife’s an investment adviser”

Really, really, really?

I doubt it, doubt it, doubt it.


44 posted on 08/08/2011 7:45:31 PM PDT by Sequoyah101 (Half the people are below average.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Billthedrill

Are you really? I doubt the dead cat bounce Tuesday, some but it will peter out like the Nikkei did toward the end of the market. You aren’t really.

Fed tries to prop the old house up, it resists and declines to the Mid-9000 range. It simmers there until Congress returns and quivers on hopes that they might do something besides wait on the Super Committee.

They do noting by the end of September, the fall resumes to 8,000’s. By that time recession fears become clear realities.

People recognize value and high PE ratios but are dubious of the cuts coming as a result of the Super Committee failing to resolve anything and so they don’t drive prices in the market up.

1. We are in hock up to our eyeballs. We did not heed the warnings of at last $4T in reductions
2. Taxes can’t be raised in any meaningful way or amount to address the deficit and the debt. Spending has to be cut and it has to be in entitlements.
3. Cuts will probably result in riots
4. Companies will not release cash, there is no reason to invest in a down economy, growth in capacity is not needed.
5. Companies will not invest into the oblabla economy either so as not to support him and encourage more of the same and because of growing, unreasonable, expensive and capricious regulation.
6. Don’t forget the London riots now going on. They truly appear to be major.
7. Losses around the world will return to the U.S.

I don’t see a thing good until after the elections and then only if oblabla loses, we get a conservative house and senate and a person of vision, energy and patriotism returns to the whitey house. It will take AT LEAST two years after inauguration day to make any real progress the economy will have deteriorated so much. Our next problem for a return to growth will be capable labor.

If not, game over. A conservative congress on both sides of the aisle will only continue to squabble with oblabla and the mandated over regulation will continue further depressing U.S. industry.

Not a very happy view.


45 posted on 08/08/2011 8:01:19 PM PDT by Sequoyah101 (Half the people are below average.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Sequoyah101
Yeah, well, looking at the futures I have a hunch I was wrong. Bath-time tomorrow.

I moved half of my retirement package into a safer profile last month. How much safer remains to be seen. I'm thinking the hatches had better be battened down for awhile yet.

46 posted on 08/08/2011 8:06:17 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 45 | View Replies]

To: Billthedrill

I moved as much out as practical. I’m not riding another one to the ground. Next move is to start thinking about how to dig back out and up someday.

Wonder how long it will be?

The media is in an outright feeding frenzy of gloom. Time to turn them off outright. There will probably not be any good news for a long time.

Every ass hole seems to be trying to make a more dismal picture than the last one.

I think this stuff in the UK is the next big thing that will hit the bricks. It will either eclipse the financial story or add to it.


47 posted on 08/08/2011 8:32:49 PM PDT by Sequoyah101 (Half the people are below average.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Sequoyah101

That is curious, isn’t it? Serial rioting, breakdown of order, a much wider demographic of participation than it started out. The EU on the skids, and the U.S. looking like a citadel under siege. Hell, even the Chinese are nervous.


48 posted on 08/08/2011 8:39:29 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 47 | View Replies]

To: Billthedrill

My take is that the Dow will bottom at 3000 on this particular downswing. There will be a sharp snap-back rally to 4500 or 5000. Then will come the slow grinding decline to Dow 400, which will be the absolute bottom.


49 posted on 08/08/2011 8:43:18 PM PDT by Publius
[ Post Reply | Private Reply | To 46 | View Replies]

To: Publius

You timed your move pretty well, didn’t you? :-)


50 posted on 08/08/2011 8:51:11 PM PDT by Billthedrill
[ Post Reply | Private Reply | To 49 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson