PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Rally to Begin in Two Weeks?

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast
View previous topic :: View next topic  
Author Message
administrator
Site Admin


Joined: 28 Dec 2005
Posts: 10405

PostPosted: Sun Mar 08, 2009 4:12 am    Post subject: Rally to Begin in Two Weeks? Reply with quote

The two-year chart shows the NYMO 20 and 50 day MAs compared to SPX. The 2 1/2 month chart (or roughly 50 trading days) shows the daily NYMO, along with its 20 and 50 day MAs.

Over the past 15 trading days, the daily NYMO has averaged roughly negative 75. I suspect, there aren't many investors left who want to sell. Yet, the economic data remain too negative to buy into the market. Nonetheless, with few who want to sell and over $9 trillion in cash on the sidelines, once the market begins to rally, investors may buy for fear of missing the rally.

The NYMO MAs suggest a capitulation is unlikely, and the market is already low, although a one-day V-shaped market move shouldn't be ruled out. Perhaps, SPX will fall slightly below 650 and then begin to rally. There may be greater volatility, until Mar options expire in two weeks.



Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002