Geitherner 20% +/- rally in 4 days
60m Major Markets ~~ Inverse H&S ~ hyperventilating 20% +/- Gaitherner rally - suckers rally - luring in more cash.
$COMPX 1532.10 67.37 4.60%
$INDU 8726.61 247.14 2.91%
$INX 887.68 30.29 3.53%
20% rally from the recent low - SPX 741, DOW 7450, Nas 1295, and Qs 25 - noted reversal Trap with Geitherner appointment. Markets are manipulated by big money to lure in cash, but markets are not fundamentally healthy.
http://trend-signals.blogspot.com/2008/11/bspx-ew-and-bkx-b-spx-closing-at-800.html
Markets were hyperventilating spiking 20% in a few days. The price volatility even though VIX is falling is dangerous to say the least.
Nobama economic plan of spending borrowed debt money is just delaying worse economic and financial disaster.
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