Monday, August 2, 2010

SPG, the absurdity never ends it seems

Gap up over the channel line.  Do you think that markets have to "make sense?", think about the Tech bubble of 1999.   Commercial propoerty is hosed, but that doesn't mean the stocks can't run for the sky.   However, one temperment to this bullishness....this could be a bronto throw off...what i mean is a silly stop catching rally up, followed by the big down.  Arch Crawford has today as a big turn day, assumed to be down, and that barberous relic of Astro astronomy has been getting mainstream media coverage.   The point is?   Could be that he is getting gamed just like EWI gets gamed.



The Euro pegged off a long lasting PRS 133 channel line.   This is a very strong signal, however, it looks like it is consolidating, possibly for another run at the line.   That would be bullish for equities assuming the correlation holds.








4 comments:

  1. YOU HAVE SUCH GREAT INSIGHT

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  2. Thanks, now the question is how to turn insight into money! :)

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  3. Weeelll... Arch said there would likely be a crash+/- 3 months from Aug 1. Not exactly tradeable.

    I'm thinking now we might make (or near) a new high for the year first.

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  4. Haven't read my July Arch yet....ouch, too busy.

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Insightful and Useful Comment!