Dow 2009

lack of harmony..( orange lines)


"Last week we had three S&P 500 companies reporting,
this week we have 20 and next week 99," he said.

"The real read of earnings season really doesn't come until next week, after which we'll be much closer to a third of them."

Stocks slumped on Monday as investors took some money off the table following Thursday's 246-point surge on the Dow Jones..

http://www.marketwatch.com/news/stor...AB9C5E84432}
 
lack of harmony..( orange lines)


"Last week we had three S&P 500 companies reporting,
this week we have 20 and next week 99," he said.

"The real read of earnings season really doesn't come until next week, after which we'll be much closer to a third of them."

Stocks slumped on Monday as investors took some money off the table following Thursday's 246-point surge on the Dow Jones..

http://www.marketwatch.com/news/stor...AB9C5E84432}

Hi Kutero,

Thank you for your pointers it certainly earnt healthy quantity of pips today. Excellent charts. (y)

fwiw we are roughly in the middle of April and my analysis is more based on gut instincts more than anything else. I thought we'd rise towards the end of April after the 6500 lows. However, I'm still not satisified and have a niggly feeling that the Dow will make a sprint past 8000. Perhaps 8200 and beyond...

I don't believe anything I hear these days and suspect we will have couple of weeks of high volatility sea-saw whiplashing moves and then head down for the summer. It could be in response to earning reports. I really don't know or care but do feel the top is not in yet before the next down turn.

In next two weeks heading to May I will be looking to short the high turns.
 
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