Day 19 … result
And the name of the game is still … FADE THE FED … markets lost faith into Bernanke and his brotherhood … so … they SELL … Lehman figures out … 1st look good … second look … autsch … so stock trades down some 4% …
Easy to trade markets … are different … Let’s wait for the next moves of Helicopter Ben … markets face a HIGH RISK here … the current situation has crash potential … CONFIDENCE CRISIS!!!
(Please check my long term chart!)
We moved up in the S&P … even for some short days above the 61.8% correction, but did not manage to keep above … now we are at the point, where the water starts flowing quicker towards the edge … WATERFALL ahead???
Remember: As front month has changed to MARCH 08 now … current values have to be adjusted by around 10 points …
Earned some points back from yesterday’s FED-rigged move …
So …
Trading days – 19 … Points made 51 … Total 346.0 … Average 18.21
Roundturns – Size x 4 … Total 44 … Average 2.32
Tags: Bernanke, Chart, FED, Lehman, outlook, result, S&P, statistic
