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CRASH! SPX Post Market Technical Analysis: Aug. 18, 11
December 12th, 2011 | 
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Click here- FreeOnlineTradingEducation.com Wall Street ends the day down big on heightened euro zone sovereign debt and global economic issues loom. VIX spiked nearly 40%; Gold and silver up; Crude down nearly 7%. Weekly Jobless claims rise more than expected to 408k. CPI monthly swing was 0.5%, biggest in years. Stagflation?
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Des I just awoke and looked at my futures chart, it was in freefall all the way from 1138 down to 1119 in about 3 minutes time.
We could get a bounce tomorrow although that’s unlikely without some major news (QE3). Max Keiser says the selling is due to a major French bank on the brink of declaring itself insolvent and requiring an EU bailout.
welll be long then. Are You nuts?? Embrace the fear.
Des,
The Highlight of my day is your Post Market analysis.
Enjoy your week off….. I await your return
Pass this video onto a friend or trading group who likes the markets. they’ll thank you. Will you click THUMBS UP…it only takes a second. Thanks in advance.