Wednesday, Apr 30, 2008

Stocks haven't broke through their resistence levels yet.

Market Oracle: Worst is Not Over for Stock Market Falls, Credit Crisis Or Fed Rate Cuts

Commentators and pundits alike have erroneously stated that last week's highs in US equity indices broke important technical levels. The Dow has not only failed to breach above a key trend line resistance of 12,920, prevailing since the October highs but also failed to breach the 50% retracement from the same high to the January lows. Similarly, the S&P500's major resistance stands at the 1,410 trend line resistance acting since the October 10 highs. We remind our readers that these recurring failures are no coincidence but instead a technical failure that is largely in synch with prolonged economic uncertainty.

Posted by sold 2 rent 1 @ 10:04 AM (311 views) Add Comment

1 Comment

1. sold 2 rent 1 said...

And on a US political note....are we seeing some changes occuring?

I can definitely see some wheel nuts loosening on Barack Obama's campaign.

Obama and his ex-pastor Rev. Jeremiah Wright Jr. are now at war with each other.
Jeremiah is a real conspiracy theorist who believes the AIDS virus was started deliberately to maintain affluence at the expense of the Third World.

Of course the AIDS theory must be rubbish.....isn't it?

Watch Alex Jones interview: An Interview Regarding the Origin of AIDS Pt 1
http://www.youtube.com/watch?v=vrIeYfuviq8

And Ron Paul....

Ron Paul Campaign Dominates Nevada GOP Convention
http://www.dailypaul.com/node/47160

"After a super-majority of Ron Paul supporters captured control of the Republican state convention on Saturday, state party officials abruptly canceled the event without electing delegates to the national convention."

"I've seen factions walk out. I've never seen a party walk out," said Jeff Greenspan, regional coordinator for the Paul campaign."

ARE WE seeing CHANGE here?

Wednesday, April 30, 2008 10:34AM Report Comment
 

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