Jaws of Death
#1
Posted 07 June 2009 - 02:29 AM
#2
Posted 07 June 2009 - 02:42 AM
But seriously, if you were to compute the ratio of bottom chart reading to the top chart reading, at 2.0 this is probably the highest ratio since October 2007- the exact peak
Very important point IMO. What it probably implies, falls in line with my beleif that a new bear leg is about to begin. Not just a pullback as many beleive (or a new bull as the perma bulls beleive), but another bear leg which should take out the March lows and head down far below that. I am thinking SPX 500.
#4
Posted 07 June 2009 - 05:58 AM
The future is 90% present and 10% vision.
#5
Posted 07 June 2009 - 06:00 AM
#6
Posted 07 June 2009 - 07:28 AM
#7
Posted 07 June 2009 - 10:10 AM
#8
Posted 07 June 2009 - 11:13 AM
rkd: You did not win that avatar, right? Or you just like it?Lol Tea, that is fantastic. Had no idea you were such a talented artist to boot.
#9
Posted 07 June 2009 - 11:42 AM
#10
Posted 07 June 2009 - 03:20 PM
I am with ya NAV but thinking 450+- area before next big bounce then another leg south unless some really really wild printing goes on then that may do it.But seriously, if you were to compute the ratio of bottom chart reading to the top chart reading, at 2.0 this is probably the highest ratio since October 2007- the exact peak
Very important point IMO. What it probably implies, falls in line with my beleif that a new bear leg is about to begin. Not just a pullback as many beleive (or a new bull as the perma bulls beleive), but another bear leg which should take out the March lows and head down far below that. I am thinking SPX 500.
While I am here was fooling with SPX site and as of 6-2-09 as per Div. yields 2.32% SPX should be at 300 area based on bear lows. As per earnings per share of 13.49 x 14 pe spx current value 189 and would take at peak earnings of 6% year growth for next 30 years to reach our current 940 area LT bulls are delusional but quite entertaining. Like they say... ignorance is bliss.
Z
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.