Stocks rallied since March of 2009 and price rose to the 50% FIB retrace level of near 1186. After awhile you start to believe in all in mumbo jumbo technical stuff as it seems to happen enough not to be coincidence.
$ peeped over its 8 year downtrend line, not sure if overhoot and trend hs changed from down to up.
Chinese market continues to make new lows after peaking in AUGUST of 2009. ST support is 1140 on the SPX. Tuesday down volume near 98%, 3rd 90% plus downer in ONE WEEK!
Stocks for the long term? SURE!!!! after Secular Bear market ends......
GOV (DEM'S) want to continue forcing forward demand for housing by entenxding home tax credits....sad bastards....applying bandaides to a severed artery
Reminder from July 4th- 15th I will be traveling through Europe....I should much to share when I return!
Duratek
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