Monday, July 13, 2009

ACME Stimulus Package

Click charts to ENLARGE.

The SP500 futures are off early. Why not? There's often a 'delay' between serving and digesting economic data like consumer confidence. And what about the states' budgets falling apart?
Find 889 (720 degrees of the SPX low)...go back 90 degrees (counterclockwise) and its 860, another 90 degrees 830. The stars aline at 830. Not a prediction, just an observation.

Some in the market were pricing in a second stimulus...the President says hold on. The market says "ACME?"
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Hershey (HSY)...relatively lower high (to the upper band) and lower band turns up and MACD cross (histogram)...I guess I'd call that an unhappy triad.
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RSI7 (weekly) low values-Cara style. Will the meek inherit the investment earth...or the dirt?

Good trading and great risk management.

Educational use only. Never intended as investment advice.

1 comments:

Richard said...

'Align', not 'aline'

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