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by Ashraf Laidi
Posted: Jul 16, 2009 17:32
Comments: 89
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This thread was started in response to the Article:

Gauging the Bounce in Appetite

Forex markets have yet to buy into the rally in US equities.
 
 
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Gunjack
London, UK
Posts: 1184
15 years ago
Jul 17, 2009 12:29
significant support at 975 on SPX...above that is clear to 1000 and above
cougr
Australia
Posts: 101
15 years ago
Jul 17, 2009 11:30
Mojo regarding how high she'll go ,I haven't got a clue but we do have some guideposts to go by,namely that 880 is significant support and 950 resistance.If 950 gets taken out getting to 1000 will be a good bet.
TG
Singapore
Posts: 112
15 years ago
Jul 17, 2009 11:10
Hi there Ashraf,

Thanks for the video, good stuff.

Just like Maradona, during the '94 world cup,

"used the hand of god", this equity run seem to have that sort of.. 'imprint'! ( Or am I the bitter one for mising the run up, agn. )

I can understand about money being at the side line.. as for me I am still reluctant to buy outright equities.
Sleeper
Posted Anonymously
15 years ago
Jul 17, 2009 10:17
After laying off thousands and outsourcing more jobs Intel, IBM and others are beating analyst estimates. That is what they are calling the jobless recovery.
mo
liverpool, UK
Posts: 123
15 years ago
Jul 17, 2009 10:02
Hi
I think it is agood oppurnity to buy back into the USD now aginst EURO and GBP for move higher in the rest of the 3rd quarter.
Mojo
United States
Posted Anonymously
15 years ago
Jul 17, 2009 5:12
@ Cougr

Agreed. This is a mysterious rally, made all the more interesting by the options expiration this Friday 7/17/09. Wonder how high she'll go?!?

Regards,

Mojo.
cougr
Australia
Posted Anonymously
15 years ago
Jul 17, 2009 4:59
Given the divergences between S&P and other indeces as well as the vix makes you think that someone is trying very hard to prop this market up.Interesting to see how long it can hold up for.
pete
Bermuda
Posted Anonymously
15 years ago
Jul 17, 2009 3:52
glad I didn't follow your previous advice on stocks
TWF
Langley, Canada
Posts: 1
15 years ago
Jul 17, 2009 3:36
Hi Ashraf,
Isn't there an inverted H&S on the DJI and S&P 500 weekly charts? Thanks
TWF
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