Unbelievable how this market continues to rebound from such dismal news. I’ll be posting some more charts on this tonight, outlining where the NASDAQ and S&P are at and what we might see going forward.
I got to admit though, I don’t believe I’ve ever seen such euphoria in the midst of such incredible financial and economic turmoil, where there hasn’t been any general improvements in the economy, in fact things are still getting worse…just look at the unemployment rate. There stands a lot of people to lose a ton of money from complacency to the long-side once this market finally does reverse course – don’t be one of them!
{source}
[[!– You can place html anywhere within the source tags –]]
[[script type=”text/javascript”]]var bfcParams = ‘Symbol=SP-500,TimeFrame=15-Minute,NumberOfBars=237,WebChartID=398de82a-f876-44f5-85d7-2dfbeccd806e’;var bfcWidth = ‘500’;var bfcHeight = ‘525’;[[/script]][[script type=”text/javascript” src=”http://www.freestockcharts.com/script/bfcEmbeddedChart.js”]][[/script]]
[[script language=”javascript” type=”text/javascript”]] // You can place JavaScript like this
[[/script]]
[[?php
// You can place PHP like this
?]]
{/source}
