Friday, April 16, 2010
After all the SPX 1211 resistance was defended successfully and creates at current levels even a weekly reverse pattern. We have to see how it plays out on closing basis since today is naturally the biggest manipulation day with options expiration. Ironically one of the biggest upside manipulators Goldman is reason for the downswing today but we will get even more revelations the next days as the Astro picture gets very ugly throughout next week towards the 26th. Having a considerable effect on volcano activity and /or earthquakes as well as I wrote in earlier posts. The market is overdue for a correction and going forward earnings besides from financial biased cheating cases and the huge ran the computer industry has could look more modest and drive stock prices down as well.
Posted by getagrip at 11:23 AM