Jump to content



Photo

Banking Index


  • Please log in to reply
2 replies to this topic

#1 nimblebear

nimblebear

    Welcome to the Dark Side !

  • Traders-Talk User
  • 6,062 posts

Posted 09 January 2008 - 09:55 PM

I feel this is indicating some SERIOUS problems in the economy over the next SEVERAL years.

http://www.stocktimi...arketUpdate.htm

(above obviously not my work, but I have plenty of other empiracle evidence we are just beginning to see the tip of the iceberg here.)

Stay vigilant. (last time I looked financials were over 20% of the S&P 500.)
OTIS.

#2 gorydog

gorydog

    Member

  • Traders-Talk User
  • 738 posts

Posted 09 January 2008 - 10:34 PM

I feel this is indicating some SERIOUS problems in the economy over the next SEVERAL years.

http://www.stocktimi...arketUpdate.htm

(above obviously not my work, but I have plenty of other empiracle evidence we are just beginning to see the tip of the iceberg here.)

Stay vigilant. (last time I looked financials were over 20% of the S&P 500.)


While financials are not banking per se, how can you not love this chart? This is about to make such a nice bottom, I plan to hide a copy of the chart under my mattress. Best of luck wtih you trades, but I think I'll get 4-5% in 2 days here.

GD
http://stockcharts.c...5130&r=7652.png

#3 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 10 January 2008 - 09:24 AM

Holding that support of the Oct 2002 fall highs at the moment....but if we get another low that I would love to see on OEX....BKX could see the bottom channel...which is only 6 bucks approx. under the exsisting low of 78.47...needless to say....that bottom channel better hold if seen.

Posted Image