Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MythMan who wrote (95614)	3/24/2009 5:28:21 AM
From: westpacific	4 Recommendations Read Replies (2) of 116555

Game far from over...dollar filled its downside gap. Oil trying to breakout above key $54 area. Short term charts look rosy, take a look at a monthly chart and this rally looks like a joke! Me thinks they are taking us up, ahead of some nasty stuff to go down in April. You just do not create this kind of bailouts unless things are beyond a mess. Meanwhile been a nice trade in safer bets like crude oil, industrial metals are related...ride the trend. 1932 and 1935 has some massive rallies in the market, short covering adds to the fuel. If FED is buying there own paper, maybe they are buying securities as well - who knows what fiat is buying to keep the game alive. Qs have still not broken out of bearish channel, INDU still has some technical room above with doing no damage to the bear case and this week ends green, sets up the three green candlesticks - if so, expect next week profit taking. Waiting to see if TRAN/UTIL can confirm this rally, so far they have not. Game far from over... June call for 4000 remains in play as of today, next week could that change, of course. And thank you for your post, it is very nice to see you follow my posts and read my thoughts! That is very much a compliment. West

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