Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
Eerie similarity
Started by
Will
, Mar 05 2010 04:54 PM
7 replies to this topic
#2
atlasshrugged
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Posted 05 March 2010 - 04:56 PM
Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
no actually will as i have SCREAMED for weeks its identical to march 2007.....which implies we go to 1200
overlay the breath with your chart and you will see what i mean
Edited by atlasshrugged, 05 March 2010 - 04:57 PM.
#3
Will
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Posted 05 March 2010 - 05:01 PM
Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
no actually will as i have SCREAMED for weeks its identical to march 2007.....which implies we go to 1200
overlay the breath with your chart and you will see what i mean
Yeah, you are right. March 2007 looks even more similar.
#4
atlasshrugged
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Posted 05 March 2010 - 05:14 PM
Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
no actually will as i have SCREAMED for weeks its identical to march 2007.....which implies we go to 1200
overlay the breath with your chart and you will see what i mean
Yeah, you are right. March 2007 looks even more similar.
lol...if a tree falls in a forest and nobodies around does it make a sound???? not when the forest is full of bears !!! lol
#5
IYB
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Posted 05 March 2010 - 06:12 PM
Compare the A-D line.Compare the daily charts.
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=2009-08-01&en=2010-12-21&i=p58495815484&a=192931199&r=874.png
Edited by IYB, 05 March 2010 - 06:14 PM.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#6
milbank
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Posted 05 March 2010 - 06:30 PM
Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
I assume you are speaking of when he made his first cut of the discount rate.
That was actually on 8/18/07 not 9/18/07.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#7
Will
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Posted 05 March 2010 - 07:00 PM
Surprised no one has brought this up but market action and chart patterns over the last couple of months looks almost identical to August/September of 2007. Today was the equivalent of 9/18/2007 when Ben cut rates.
Compare the daily charts.
I assume you are speaking of when he made his first cut of the discount rate.
That was actually on 8/18/07 not 9/18/07.
9/18 was FOMC day and I think they cut the FFR by 0.5% IIRC.
#8
Data
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Posted 05 March 2010 - 10:21 PM
The charts are similar to 2004 or 2005. In March 2004, the Fed came to the end of QE and prepared to raise interest rates. At the same time, the Bank of Japan started up their own QE and dollar intervention. Search the news this week.
Edited by Data, 05 March 2010 - 10:22 PM.
