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The “white raven” … Goldman Sachs … known as Helicopter Ben’s troops
Even them are bleeding … lost so far around 50% of their gains since the market bottom of late 2002 start 2003 …
remember … DAX was below 2.300, the S&P below 900 …

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Here UBS, the international example for destroying value through GREED …
Lost now around 76% of its gains since the market bottom of late 2002 start 2003 …
remember … DAX was below 2.300, the S&P below 900 …

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Citibank … falling and falling … they never sleep
More than reversed already ALL of its gains since the market bottom of late 2002 start 2003 …
remember … DAX was below 2.300, the S&P below 900 …

As markets keep swinging intraday with high volatility, but low trend intensity, here my idea, looking at a daily chart.

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As you can see, we had a downmove of around 1.900 Dax points … now we keep consolidating within a bearflag formation.
So far we only corrected 38.2% which is quite bearish. We don’t even […]

Just have a look on the Tickchart of today’s action in the S&P emini Future at 7:01 London Time.
Slightly scary to imagine, what could happen.
Here it is:

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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 […]

As we all know, the fundamental picture is bleak at least as bleak as it looked bright at the 2003 bottom

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As we can see on the chart … at the 2003 bottom we had a high volatility reversal which lead us into a stable bullmarket without too much volatility … now […]

A rally in Asia … just enough to create a nice gap in the Dax … which could have been faded as it was created exactly at the top of the (bear)flag … Sell signal reached its target late afternoon … See below …

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A quite perfect flag, I think I will use it […]