- A very weak economy … not only in the U.S. …
- 2 more downgraded bond insurers, pressuring the financials …
- An rocketing Oil price as Israel sees a strike against Iran and Libya sees a June price spike …
- An hawkish ECB, which makes sure interest rates will rise globally …
- A weak US […]

- OPEC insists, that we should all have sufficient oil …
- fundamentally demand is contracting in the U.S. the first time in 15 years …
- even China has lowered its imports …
- every bullish study and story is told …
So let’s look at the chart … as we know … the trend is your friend […]

As I got loads of requests for the Chart picture of the S&P after yesterday’s DAX Analysis.
Here we go:
Picture is quite similiar … that is “globalization of markets”
As the DAX, the S&P completed recently a bearish Gartley-Pattern …
the corresponding extension targets are:
1300 (bullish case) 1170 (neutral expectation) and 1045 (bearish case)
See CHART […]

The fundamental picture is clear … what about the chart???
When will it be played out???
I think NOW(!!!) … Bears have NOW the chance to crack this market …
IMHO …
From the top, we had ONE move down … many times shortened and stopped by black magic of Ben, Hank and the boys … read: MANIPULATION
Now […]

The credit crunch is far from over, according to Oppenheimer & Co. banking analyst Meredith Whitney …
She sees consumers defaulting and an accumulation of these defaults will appear on the balance sheets of our “beloved banks” …
She is quoted as follows:
“Just as strained liquidity pushed so many small and mid-sized specialty finance companies to […]

After 10 days of stepping sideways … not being able to move …
today expiration demand overwhelmed sellers.
We finally reached our 7190 Dax cash target … What’s next?
Next week will be very interesting as bulls now are under pressure to fefend their territory.
Next week will decide, whether we go into rallye mode, squeezing up to around […]

Unfortunately, I encounter since yesterday major electricity and internet outages
Hope to be back up soon … thanks for bearing with me!
Today’s news … ALL negative …
- BoE sees inflation for several(!) quarters above target … risk for LOWER growth … recession possible.
- Moody’s again looking at bond insurers … BE AWARE!!!
- US foreclosures […]

After a lot of ECB members reiterated their position, that in the current environment there is no interest rate cut possible and adequate …
Today a new quality was reached.
As we know, part of the communication of the ECB is to “leak” policy changes via so called “source-stories” in selected media channels …
Story of today:
ECB is […]