SP500

Finally we got it. Escape from increasing wedge. On 15min chart:

sp500-15min-20042009.png

Source: TradePort2

It is interesting how people are forgetting the unanswered question: from where will new jobs emerge? It is simple logic: no jobs = no consumption. No consumption = no speedy earnings recover. Plus we must add new bak diases: credit card hole. With high unemployment (over 10% in some parst of USA) we can expect more losess…

And about oil:

oil-20042009.png

 Source: TradePort2

Talking about weak demand…

This article was written on 20. April 2009 at 21:47. You can follow all the comments using RSS 2.0. You can comment, or link it trackback from your webpage.

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There are lot of opportunities. But to pick the winning one we must act as Sherlock Holmes - apply logical and rational thinking.

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