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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
;)
this time previous high at 1220, so we may see 1180 agian.
last time spx500 upward trend from mar 09 to apr 10, same slope, no major pullback. oil have a little bit different, more slower.
i dont think 8 or 9 weeks really matter. but the funny thing is two upward trend line will cross at this or next month.
after tealeaf reading, i still not sure where is correction, jan/feb/mar? 1300/1330/1350?
In the case of the S&P500, it posted 7 consecutive winning weeks, the longest period since 2007. We have to go back to Nov 2003-Jan 2004 to find 9-straight winning weeks in the S&P500. Combining the historical implications of these extended rallies with the overstretched oscillators, equity markets could be looking at the much anticipated sell-off that many of us market watchers have gotten so wrong. There are other elements that im looking at in the currency market as well as in the intercommodity landscape, to which I will dedicate a 1/3 of my time in Day-long intensive FX/Interdynamic workshop on Sunday in London. Here are the details to register. http://www.ashraflaidi.com/products/workshop01/