Replies to post #9679 on Charting Technical Analysis

[chart_md]

** Goldman Sachs unloaded $750 million worth of shares on the market yesterday, bringing the total for this month to $6 billion

In a couple of days...BAC will announce they need some $30 to $70 billion dollars (via dilution)

That tells me everything I need to know :)

[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.

[babycakes]

but there is absolutely NO WAY we should have been rising like we have. So much negative news


isn't that the nature of the turn from bear to bull