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 ...
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.
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?????
Both
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.
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.
I’m waiting for the outraged cry of
“Barack-o-lips? That’s racist!”
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.
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.
Rush made reference to this today on the radio.
http://www.bloomberg.com/markets/stocks/futures/
DJIA INDEX 10,737.00
DOWN -72 from 10809
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.
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?
Rush mentioned something about the Feds buying futures and manipulationg the market to improve the numbers.
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)
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. :-)
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.
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!
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