gotta be disheartening to the bears that the largest component weighting of the SPX is crashing on a relative basis, yet the SPX is mere points off it's annual high.
http://stockcharts.c...2653&r=8527.png
Ratios
Started by
VolPivots
, Apr 10 2007 06:20 AM
3 replies to this topic
#2
QID_trader
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Posted 10 April 2007 - 07:44 AM
gotta be disheartening to the bears that the largest component weighting of the SPX is crashing on a relative basis, yet the SPX is mere points off it's annual high.
http://stockcharts.c...2653&r=8527.png
Financials lead the SPX. SPX will follow them lower in a delayed reaction. SPX gonna play catch down by crashing very soon. 2/27 was just the warm up!
#3
Cirrus
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Posted 10 April 2007 - 09:47 AM
We are nearing the point where the financials better at least bounce or the bulls could have a problem. The daily charts of C and JPM look like there wound up fairly tight and ready for a bounce, too. If it doesn't come soon we could get another 'dip'.
#4
VolPivots
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Posted 10 April 2007 - 01:04 PM
Dan Trader
I'm ready to load the boat with some longdated 1000 SPX puts. Expecting a major CRASH beginning imminently. All recessions have been preceded by bear markets and since the US consumer is finally gonna hang it up, I expect this to be the most severe recession in modern times, so the SPX should put in another halver in the next 2 years. Just my humble fundamental opinion, but patiently waiting to opportunistically 'time' the market with my technical analysis skillset. With any luck the two will mend and I'll officially have achieved both fundamental and technical guru status. Of course if I'm wrong, I'll be gone
MN 
MN
