Charting Technical Analysis

[cal_pn]

Absolutely insane, how can one celebrate a "drop" of jobless claims from 645000 to 631000 in such a huge economy. This is merely a statistical fluctuation on a disastrous, high level.

Truth and the matter is that unemployment continues to increase at a virtually constant level. This is no bottom, it is essentially an ongoing constant increase of unemployment.

Same case with horrible GDP rate announced yesterday. And buyers do not feel even bad but buy and buy and buy. Don't get it but this is the perfect ingredient for the next catastrophy. The great depression also fully developed through phases of big relief sentiment. Yesterday cnbc cited analysts expecting a Dow of 10000 this year, unbelievable. Nothing has changed.