*Yesterdays rally was 83% up volume, was more volume than Fridays "test" of recent lows. We have our perameters, so one important FIB was reached on the high yesterday, as the Dow fell back from that overhead resistance.
I have drawn in one potential "S" support line on any pullback. We will find out soon if rally is part of reaction to last 90% downer or something more.
Bailout of Greece? what good from that? WHat monies being used? or printed I should say?
5.7% GDP was grossly overstated, todays $40B trade deficit will not add to the GDP but subtract. Inventories overstated also will deduct from prelimenary GDP.
Large Banks making money from their trading desks, not from banking activities which would be expansionary to the economy. The FED and GOV are behind the banks getting healthy, hoisting all the DEBTS, like from FNM and FRE onto to the people......so if anyone is looking towards this government for answers....they already chose who they were taking care of.....
...the ones who pay the bills the BANKSTERS. The American people are NOT represented in this government and more and more of US are waking up to this PONZI SCHEME
Duratek
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