NDX has now completed the counts and the price action confirms tops all over the place. XBD unfortunately did not complete the count yet but financials are an own animal right now as the BKX has still some potential and should be bought on weakness as one source said rightfully banks have the highest interest rate margin in decades thanks to the phony administration claiming to help Mainstreet but actually working for Wallstreet. This pathetic excuse that the world can not work without a healthy banking system is a outrages lie as banks work never for the benefit of anyone but themselves. Nevertheless we should see the NDX dropping towards the 1250 level soon and may even test the 1210 level before turning back up and make new highs with a test of the 200 MA a mandatory target.
Thursday, April 23, 2009
NDX - market outlook
NDX has now completed the counts and the price action confirms tops all over the place. XBD unfortunately did not complete the count yet but financials are an own animal right now as the BKX has still some potential and should be bought on weakness as one source said rightfully banks have the highest interest rate margin in decades thanks to the phony administration claiming to help Mainstreet but actually working for Wallstreet. This pathetic excuse that the world can not work without a healthy banking system is a outrages lie as banks work never for the benefit of anyone but themselves. Nevertheless we should see the NDX dropping towards the 1250 level soon and may even test the 1210 level before turning back up and make new highs with a test of the 200 MA a mandatory target.
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