Flashing signals
September 01, 2009
Doug Kass made news last week with his “market has topped“ declaration. Kass said that the market has more than likely peaked for 2009. He believes the consumer is dry and can’t afford to spend money on anything but necessities. The retail consumer is the primary driver of the economy and responsible for some 72% of the GDP. With summer over and the home buying season over that will mean the consumer is going into hibernation for the winter. He also worries that taxes are going sharply higher despite campaign promises simply because of the rapidly rising Federal deficit.
Doug was one of the few analysts bold enough to call for a market bottom in early March during an appearance on CNBC. Once again, keep an eye on the dollar as it has how traded into pocket support. There are rising wedges visible on almost all indicies which suggest a profit-taking wave is inevitable.
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Comment by Dong — September 9, 2009 @ 6:59 pm
1035–There and Back Again Not what Tolkien had in mind with his most excellent read, BUT each time that area in es is approached have taken special look. So. Tools and Time 1130 est yesterday hourly charts ec. yields lower than es, crude riding higher but spread diverging, volume tool waiting. 30 minute charts same 1145 est 15 minute chart and 5 minute showing volume weakness price of 1035 25 hummmmm nothing inverted trin, but later in day 1320 est trin and others agree as well as volume. so down we go, then late rally, so to globex trading. 130 am est ec yields and crude putting in lower high, intermediate term high. with hourly cl spread bearish, ec bearish. 60 minute charts alert, 230 est, Fdax open for business. 30 minute charts all lower highs. and volume 245 est all in place no trin of course, but tools agree nite session upon us and 300 am express says down. Have used multiple time frame examples to show screen progression of larger to smaller to entry so what are entry levels of all our tools. globex es 1034 area sell, eurusd 145.810 yep if you have idea of ec you can trade forex, per comment of our host of intermarket and forex relationship
, ec 14581 , yields ty 11626 crude 7235 sell, point is in technically sound result of intermarket there should be and will be multiple markets to participate and trade, if not then you are not in solid footing technically and probably waiting. Good trading to all Gate
Comment by STEVE GARNER (GATE) — September 10, 2009 @ 3:39 am
1110 est test of globex highs, what are tools telling us. crude, lower than globex highs, yields and ec as well, also we have inverted trin, and trinq bearish, looking lower –was hoping for 1035 test only 103375 good trading to all gate
Comment by STEVE GARNER (GATE) — September 10, 2009 @ 8:22 am