Market numerology is related to biblical numerology.
Market making SPX 666.79, satan must have used the nut to do this. This world is getting crazier.
(CNN) -- The pastor of a Maryville, Illinois, church was shot to death during a service Sunday in front of horrified parishioners who then tackled the gunman, state police said.
Fred Winters, the pastor of the First Baptist Church, was shot and killed during the 8 a.m. service, and the attacker and two parishioners suffered knife wounds in the attack, authorities said.
The gunman entered during the service and walked up to the pulpit.
Markets were showing positive divergences on price and breadth actions on all time frame as noted on previous posts. The view is based on after reviewing hundred of chart set ups on price and breadth actions. Positive divergences on weekly charts are huge and the positive divergences on breadth charts are confirming the +D. While most of investors and traders are still looking for safty or for short-side profit even after markets have discounted 55-60% to 1996 levels, in my opinion, markets can show volatility to upside with 3x and 2x leveraged stocks. The price volatility will provide better trading opportunities and improve market sentiment while economy is taking time to recuperate from the recent credit crisis/contraction. SPX progressive price targets are SPX 740 and 800.
Market Volume: Markets rallied on better volumes with strong price performances today. The volume is still excluding those who are completely turned off about the markets, so, once trillions of sideline money thinks that markets are finding stable bottom and economic turn around, this market will rocket up. With the 3x volatility, markets can go up or down with faster momentum as noted before 3x DTO went up 1000% in 8 months.
No market calls during the next Quadruple week, markets can do anything with much volatility -- could change every half-hours so, it will be good to have daytrading mentality to prepare for the volatility.
Posted by: __1Best__ Date: Friday, March 06, 2009 5:10:03 PM
MARKET BOTTOM: SPX 683.38 0.83 0.12%
SPX 666.79
The Rally, Can It Last? PISANI, TRADER TALK, BLOG, CNBC, CNBC.COM, MARKETS, STOCKS, STOCK MARKET, STOCK MARKET NEWS, CNBC STOCK NEWS, CNBC MARKET NEWS, INFLATION, OIL PRICES Posted By: Bob Pisani | Reporter cnbc.com | 13 Mar 2009 | 12:00 PM ET
That's the only debate on the Street right now, now that the S&P has rallied 10 percent in a week.
The causes of the current rally are well known:
1) Oversold conditions
2) Positive comments from big banks
3) More "together" feel from Geithner, others
Right now, the skeptics outweigh the optimists. Those who believe this is a bear market rally insist:
-Bank write-downs will continue
-The reality of recession will not disappear soon
But the numbers who believe we have a shot at a bottom has increased notably this week. They point to:
-Signs that the mark to market rule will be changed, alleviating some of the bank write-down’s
-Uptick rule changes also imminent
-Geithner's public/private partnership bank plan now has more details
Reality check time? Still, a lot of traders are skeptical of the kind of moves made by a few stocks this week. It's easy for a $2 bank stock to move up, but others, traders say, seem ripe for some kind of consolidation in the coming days.
They include: (This week)
Goldman Sachs up 29 percent
Morgan Stanley up 44 percent
General Motors up 82 percent
What Others Are Saying On CNBC.com: # Busch: Obama Calls the Bottom # Gold Will Climb AgainThe Dow 30 in Real TimeThe CNBC Stock Blog
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36204303 Markets are trading at pivotal resistances: Intraday HOD so far SPX 731.92, SPY 73.75, Qs 27.99 -- consolidating near at R1 which was the case yesterday. A follow-through day with the rally yesterday would provide some positive sentiment as markets are oversold and now daily/weekly indicators are showing a sign of price improvement with internal positive divergences -- targets to RST formation wave upside, Qs 34 +/- and SPX 850 +/- -- with the impulse wave, so far, in progress.
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