3/24/09

C 60 min Chart


is this a cup and handle?

Fed Treas'y ask for "wind down" Authority


Uchi-Makikomi
Inner wind-down throw.

Here is a nice example. Note the inner thigh throw entry and the arm that has moved from the lapel grip to over the head and the arm is working like a pendulum moving in an upward motion.

Would it work on AIG or GE?

Upper channel bringing in sellers on SPX - XLF about the only thing Green here

Mini Melt up?

SPX 12:35 still walking the 8 ema here,RSI playing above 50

DOW Lows 2002 and now? (I don't have an opinion)

Biggest Difference I see is how far away the DOW is today from the 200 Day MA.



2002
DOW now

SPX Pullback target 775 - 750 on this break


Buy the dips has been working for 2 weeks - SPX -5 or .7% now

See how long that lasts. also walking the 8 EMA on rallies

SPX Opens Down 1.5% -

3/23/09

Well We didn't get 1,000 DOW Points so 500 will have to do...

SPX RSI breakout on the daily today. Today was a higher high after a 5% PULLBACK...LOOKS GOOD FOR A WHILE. 833 was my 25% target from low

DOW up 366 1,000 point day?!?

SPX making a try to highs of the day

Bailouts Of Bondholders Will Sock Taxpayers With $10-$14 Trillion Loss

Bailouts Of Bondholders Will Sock Taxpayers With $10-$14 Trillion Loss
Henry Blodget|Mar. 23, 2009, 12:54 PM|comment2
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Tags: Economy, Wall Street, Citi, Tim Geithner, Bailout, Treasury, Banks, Financial Crisis, Financial Services

The outrage of all outrages in the last 18 months is the complete protection of bank and corporate bondholders at taxpayer expense. These bondholders lent money to reckless banks and corporations who bet the farm on the premise that house prices would always go up. And they lost.

Now, thanks to bailout nation, taxpayers are on the hook for trillions. Bondholders, meanwhile, have lost next to nothing.

Today's $1 trillion Treasury plan is just more of the same: A byzantine public-private partnership that will put $1 trillion of taxpayer money on the line so bondholders won't lose a dime.

Read More Click Here

$SML SMALL CAPS ( TNA Long x3 TZA x3 Short) near 10 week MA

ISLE Up 20% , Damn Estimator!! whewww

SPX up 4.6% - Ever seen an up 1,000 pt DOW day?

XLE Up over 6% today...nice ERX +18% on that move

SPX 60 Min chart

Good post - The Rally Is at a Crossroads

The Rally Is at a Crossroads 33 comments
by: Chris Ciovacco March 20, 2009 | about stocks: DBC / EEM / GDX / GLD / TIP / USL / USO
Chris Ciovacco


Even after the current "powerful rally", the S&P 500 is still down over 12% YTD, something to keep in mind if you feel we are missing something. All we have missed year-to-date is a 12% loss. Bear markets always give people a reason to stick around. Wednesday, we commented "...rather than signaling the end of the bear market, the more probable outcome for the current rally in the S&P 500 is for it to fail somewhere between current levels and 806." This rally may have further to run, but Wednesday's
high on the S&P 500 was 803. READ MORE CLICK

Important - XLF is not able to get over Thursday's 9.70 high

This could get interesting. 8.90 now +9.2%

Estimators Picks are up 5 to 12% this morning!

SPX +4% 799 - OB here