*Source:Burke-Safehaven
Guess what? Futures are dropping again but their is a
Started by
BigBadBear
, May 03 2007 03:43 AM
3 replies to this topic
#1
BigBadBear
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Posted 03 May 2007 - 03:43 AM
this is to be expected as the bears always seem to make the same mistake. Futures down. DOW closes up +100pts.
Rinse.Repeat
*Source:Burke-Safehaven
*Source:Burke-Safehaven
#2
Russ
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Posted 03 May 2007 - 05:57 AM
this is to be expected as the bears always seem to make the same mistake. Futures down. DOW closes up +100pts.
from Safehaven.com....
According to this chart spx should go down into the end of this week but that should put it below april 27's level then next week would see a final gasp up.The next chart shows the average return of the SPX over all years in blue and the average for the 3rd year of the Presidential Cycle in green.
The market is still overbought and by many indications due for a tumble, however, seasonally next week has been very strong.
I expect the major indices to be higher on Friday May 4 than they were on Friday April 27. Mike Burk
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
BigBadBear
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Posted 03 May 2007 - 06:49 AM
Burke is very clear. This week and in particular today should be a barn burner
#4
skott
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Posted 03 May 2007 - 11:48 AM
yes, they may very well burn the barn
