May 07, 2010
– Comments (24) |
RELATED TICKERS: AM.DL2
Should be starting any time now.
That is all.
Will be interesting to see.
Head and shoulders pattern in the DJIA index. We are going to plunge.
My usual chart of the S&P 500 index (see this post).
The lower grey line at 05/07/10 corresponds to a value of around 1105.86. The S&P 500 index is currently at around 1115.54.
Yep, today spent buidling a consolidation triangle, and it now breaking to the downside.
So a closing value of around 1100 and then a turn upwards in the next few trading days would be somewhat "expected" by now, hehe ...
SP-500 index has sliced thru every single moving average. If it closes below its 200 day moving average, look out below.
the non-logarithmic version of that chart.
"bull" vs. "bear" showdown, hehe ...
1,090 is the next big support in the SP-500 index which coincides with the 200 day moving average and the 23.6% fibonacci retracement . If it gets below that we will probably test yesterday's low of 1,065 and then 1,044 on the SP-500. I look for a close of the day basis on those levels.
My chart looks a lot like fransgeraedts!
You may be right...
Remember the days where SP500 would swing 1-2% at the close for no apparent reason, and in a random direction. Are these days back again?
I don't think we ever figured out what it was about. But now , thinking back, I suspect it was a precursor to yesterday's chaos.
A quick 50 pt dip at about the same time as yesterday. What's that all about?
Very Interesting charts guys, but with everyone and their barber betting on a rebound in the next few days, I would not be surprised if the market proves them wrong too before it actually does rebound.
Remember the market can go down for alot longer than most can keep on sustaining losses daily.
consensus estimates for the components of the STOXX Europe 50 Index (KGV <-> PER).
It would not be such a big surprise if the ECB announced "over the weekend" that it is buying a few government bonds ...
Those are 2010 estimates, by the way. So European "blue chips" are currently trading with a P/E of around 10 using consensus estimates and an average yield of around 4%.
Doesn't someone want to post one of those "P/E is over 100" charts, hehe ...?
That's a scary chart porty.
@port: where do you get those cool charts?
What I have been looking at is the little bumps of volatility at the top in comparison to the ones in the former dip. If the rest of the correction corresponds in magnitude, it will be 2-4 times greater of a correction, at least.
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