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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
The barrage of bailouts & stimulus packages (fiscal & monetary) delivered since the Lehman collapse four years ago this week, will NOT diminish the importance of the remarkable double-shot from Bernanke & Draghi this month. Find out why with the help of a simple policy.market chart.
http://www.cityindex.co.uk/market-analysis/market-news/68072012/4-years-later-still-shocking-awing/
Ashraf
QE1 9% up
QE2 6%
pre-QE3 5.5% already.
what gonna happen after obama re-elect? does he still need Dr. Ben make new highs for stocks?
gold/CPI raise with stocks, what a ridiculous world!
800 just beyond my imagination, but who knows...:(
sounds like a trader who puts all his money on one trade....its hardly possible to extend indeterminate time and not possible to add to unlimited... if the last bullit doesn't stick what next?
sounds that gold could skyrocket but the govt will confiscate privately held gold...
For Brent daily chart I see next level of resistance cluster zone at 119. Weekly chart shows zone at 125.94 to 127.40 and above that at your 135.50 being the 78.6% ret of the move down from the July 2008 high.
For CL price hit my 78.6% level today at 100.20 (the HOD was 100.42). We see a daily sell spike candle so I would hesitate to buy here but if the HOD is taken out the next level of resistance on my chart is at 102.55 or slightly below at c.102. Beyond that would be a test of the pivot high at 106.43.
Bears would need to see a break of the support at 94 level. Weekly chart shows some resistance at 104 and 111 levels and support at 94.50 and 91.50 levels
gl my friend and have a great weekend.