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johnyholiday

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self fulfilling proficiency: S&P 500 is the 500 biggest company's in the USA.and they are in the apex of a triangle,soon to break out, up or down, inside a rectangle, so far containing cycling price,the gold an oil bubble, is being used ,as if it is a third currency now,greedy scared an illusionary,when sanity makes a come back,the S&P will be waiting,and the media wearing makeup, under hot lights ,cheese balls,will keep quadrangling while sextangling ~$~all disclaimers apply ~$~

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trade this contract

US.RECESSION.08

Financial

Economic Numbers

US Economy in Recession

For expiry purposes, a recession is defined as two successive quarters of negative real GDP growth.

Expiry

will be based on the data reported by the U.S. Department of Commerce

(Bureau of Economic Analysis, Table 1.1.1, "Percent Change From

Preceding Period in Real Gross Domestic Product") as reported by the

BEA.........this is a real contract on recession in 2008, it shows people putting their money where their mouth is, it shows ~ 50% odds at this time, of recession,the economy is very fickle to predict you wont see that on TV,johny even saw 3 or 4 bald guys {not that it's bad to be bald} worried on TV, in split screen ,very scared, worried,and confused,

them and the herd capitulates,their brains shot through with corroded thread,spin the wheel ,throw the silver ball,feel the felt,slap em down, red or black,50% odds!,don't hock your brain,on the train of consequences ~$~ all disclaimers apply ~$~

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VEXPX :Typical small cap fund {funds smooth data well}, small caps are suppose to be more susceptible to a USA recession,if long term support holds, there will be a rally,small caps are also extremely oversold at the same time,......has the herd capitulated?...if not,next stop, the bottom line,of the linear regression channel.........charts come first, fundamental news follows,what might be up the Sorcerers' sleeves, the 7 magics perhaps? ~$~ all disclaimers apply ~$~

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Dow Jones Indus (DJX.DJIA) - Jan 4, 2008. Close: 12 800.00 (-257.00) ....the Dow is at an inflection point ,at ~12800,interesting it has tested 12800 twice before,which is an old high ,that became support,and the neckline of a possible Double Top,if price breaks ~12800 it's a Double top formation,if it does not break 12800 it is a failed Double Top formation ,an price will rally, sometimes aggressively,all this happening inside a Rectangle formation of ~14000 to ~12800, "The 12800 Symphony of Mystery" will be preforming on Monday 1/7/EarthYear 002008 ~$~ all disclaimers apply ~$~

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"The 12800 Symphony of Mystery" will be preforming on Monday 1/7/EarthYear 002008, long term Dow Jones Indus (DJX.DJIA) - Jan 4, 2008. Close: 12 800.00 (-257.00),Long Term trendline = ~12800,Rectangle neckline = ~12800,Double Top neckline = ~12800,RSI = 47 neither oversold, or overbought ~$~ all disclaimers apply ~$~

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s&p 500 (SP500.NDX) - Jan 9, 2008. Close: 1 390.19 (-25.99) TECHNICAL CORRECTION,...it started back in Oct 2007,Wall Street an the Media ,are throwing around terms

such as,recession,bear markert,politics,sub prime slime,blah

blah.....their just realizing three months later, but don't know what

it is,but they look good doing it,you can't find a bull

anywhere,........old adage:"buy when there is blood in the streets,sell

when their having a parade".........there is more downside to come,

question is which level will stop the bleeding,the trend channel, or

lower support levels,Double Top formation, says it blows through the

trend channel,it could be wrong, maybe on an unforeseen event ,not yet

know,by the Fed or others in DC.......but this people can't pay their mortgage,can't go out to

eat,can't go to the supermarket,can't pay their phone bill,eating

saltines yada yada is [bs] ,the first 2 quarters of the of 08 will have

a slight reduction in accelerating earnings,from past years,{this might

rein in commodities prices}, last 2 quarters of 08 will pick up

earnings again,remember the term "Soft Landing" ,well they threw it out the window, and the baby,and the bathwater,and remember the "China Bubble Bear" syndrome,is intertwined in it all, selling what is good, to cover what went bad,and then throw some back, into other bubbles,so where will the knee jerk reaction appear, when the dust settles,in the good old USA? "WE THE PEOPLE" .......Maria Bartiromo looked good at the CES show,thats what matters ,show johny new gizmo's an scare me Maria,please! .........long term perspective,be diversified,have a peaceful heart ,an

a warrior spirit, "let it bleed" ~$~ all disclaimers apply ~$~

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According to new World Bank figures, China’s GDP is overestimated by 40 percent.

China

is a much smaller economic power than once believed. It’s not nearly as

big, not nearly as important, not nearly as imposing.

The

figures that the World Bank and others had been using to estimate

China’s economy compared to ours based on purchasing power parity (PPP)

were forty percent too high (India too)

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