Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 684.84

+0.6%

Dec 22 4:00 PM EST

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From: expiredoptions	2/7/2013 11:04:52 AM
	Read Replies (2) of 220518

It seems like the only thing that affects this market negatively is any comments from Europe authorities that Wall Street doesn't want to hear. In today's chart below, all damage below the pivot point (brown line) has been done within 5-10 minutes after the Draghi comments on Bloomberg at 10am (post 45567). This market can rally in the face of many negative reports, but just like the past 2 years, negative Europe data or comments can tank our markets instantly. Its actually hard for me to fully understand. [--------------------------------------------------Feb 7, 2013-----------------------------------------------------]

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