Monday, March 23, 2009

Too Fast and Too Far in hyperbola price actions

Drunken markets in hyperbola are trading near at the recent high, Qs 30 as example, in premarket. Anyone who chases this drunken, hyperbole market is irrational. Let's see where this market ends, but the recent resistances are rational resistances given the recent hyperbola market actions.

Resistances: SPX 800, Qs 30, Nasdaq 1500, DOW 7500.

Markets already rallied 20% on the news when Bernanke spoke.
http://www.cnbc.com/id/29834595/

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