Did the people remember what happen to nikkei 3 months ago?

That mean since nikkei broke te 10,600 mark first then went back to 10,200. It rebound back to 10,600 than the slided quickly to 9,700 from 10,600. Rebounded back to 10,600 from 9,700 than went all the way down back to 9,700 and slided all the way to 9,000 Since nikkei predates the DOW look for the exact same turn of events. I.E the slide could stop here do a bear trap trick all the bears get to still lower than previous highs then fall fast.

The market internals tell me that something bad has been brewing for a while. When Bank of America has been buying Wells Fargo stock and Wells Fargo has been buying Bank of America stock with Fed money to prop each other up to raise all boats so they can repay the Fed, pat each other on the back for a job well done in doing their part in saving the economy, and then handsomely reward themselves bonuses for doing so something is very wrong. Especially when these are the perpetrators of the crimes that caused most of the problems. This is just one example of the tip of the iceberg - the sign of the times - the stinking sinking ship.

And, the Supremes ruling this week is going to kill small businesses, and make large corporations sickeningly powerful; and their ruling is going to make China all that more powerful competitor to our economy than they already are - and that much quicker. Yes, let's go ahead and remove small business from having any fair chance of being created, let alone eventually becoming competitive. I am looking for the Russell, and the speculative empty pockets Nasdaq to tank here big time, and they have been leading this Fed driven drive.

Obama is now seen as an odd man out visionary, along with all the crooks he dragged on board with him from the beginning. He is being turned on by his own party and it has barely been a year, and they financial institutions now hate him with a passion, and would like to see him gone yesterday.

i don't post much, but a lot of things are telling me that we could woosh down here. This chart shows we are pretty close to a bounce however,

http://stockcharts.c...sc/ui?s=$SPXA50

but in a crash it just might not matter, we can stay oversold for a while, and the bounce just might not materialize soon. Dangerous and interesting times - good luck to all.

Acoording to the TAF program, 50 billion dollars in liquidity was withdrawn on January 14. A number of other Fed liquidity programs expire on Feb 1. One sign is the USD rising as a result of the end of the liqudity swaps program.

http://www.federalre...y/20090924a.htm

Edited by Data, 23 January 2010 - 11:18 AM.