So... How did the bear flag know the swine flue was comming...
futures down 19... now 15.... double top trying to happen...
I don't know... Down 20 is so Big..... that is just what we don't realize... a 200 pt rally or quick decline is just unappreciated by us... we are desensitized to it....
Black Swan hits the market... builds possible double top.... we were close anyways... but still... who knows..
Monday, April 27, 2009
futures
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2 comments:
I'm not calling it a double top, It looks more like a lower high to me, but it's the same difference.
The "market" didn't "know" about swine flu, but the set up was just waiting for a catalyst, any catalyst. If there were no swine flu then the talking heads would all be prattling on about the white paper.
Either way, the S&P was never going to break above 87.50.
well if we could see some high volume selling.... that would be something...
87? what???
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