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Market comments for the rest of March?

  • 09-03-2009 8:40am
    #1
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭


    It would seem that the markets are heading for a resolution in the next 10 days or so. Looking at the S&P currently at 678 , the are various support levels in the low 600's. When it turns you will get commodities up , gold down and the dollar down. If the S&P broke 600 in this run it would get real nasty but either way it would setup for a great rebound.
    Some commentators are looking for a capitulation event like GM going into bankruptsy?

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



Comments

  • #2
    DJDC
    Closed Accounts Posts: 365 ✭✭DJDC


    but either way it would setup for a great rebound.

    I can see some potential trading opportunities on a brief bounce but the bull market is over,dead and all the fundamentals point to at least another year or 2 of pain. You saw last weeks US non farm payrolls right?


  • #3
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    DJDC wrote: »
    I can see some potential trading opportunities on a brief bounce but the bull market is over,dead and all the fundamentals point to at least another year or 2 of pain. You saw last weeks US non farm payrolls right?

    no question , its step stair down

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #4
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    Here is a chart I am looking at , once it lost the lower trend line I was pretty sure there was going to be some good downside action. The market is still looking for a capitulation. I'd like to see it go down to the 640ish, the insert is 1973/ 74 to find similar market conditions
    Longer term you wont see the bottom until at PE ratios head down towards 7 but that is a couple of years off.


    74478.jpg

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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