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Financial Markets Defies All Negative News & Continues To Surge Higher!!!

 
eagleman
I LOVE NEWS

User ID: 4576709
United States
11/08/2011 02:32 PM

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Financial Markets Defies All Negative News & Continues To Surge Higher!!!
Few days ago I suggested market will still continue higher regardless of all the negative news stories. Look at what has happened!

Every time the market has had a small intraday correction that pullback is bought & we surge into the close. Even with all the negative news stories coming from zero hedge (great reads on that site) Market just shrugs it off & continues higher!

Last Edited by eagleman on 11/08/2011 03:18 PM
eagleman (OP)
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11/08/2011 02:36 PM

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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
Pay particular attention to the last hour trading. We usually (not all the time) will get a surge or buying frenzy into the close. Let's see what happens today.
eagleman (OP)
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11/08/2011 03:16 PM

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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
Here comes the surge I was alluding to earlier. Let's see how far it will run into the close!
Philligan
in rainbows

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11/08/2011 03:19 PM

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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
Yea its almost as if they wont take no for an answer. They want it to go higher and nothing but total catastrophe will stop it
everything in its right place
Anonymous Coward
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11/08/2011 03:19 PM
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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
[link to www.youtube.com]



huffy
eagleman (OP)
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11/08/2011 03:26 PM

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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
Very Important Chinese economic data coming out tonight.
If better than expected The Dow 30 will break 13,000 within a few short weeks.

If worse than expected market should top out here....
Follow the action tonight on cnbc world or bloomberg tv asia..
Also check out forexfactory.com

Some analyst have been saying that China is a deck of cards ready to collapse let's see what the China gov. will report toninght.
eagleman (OP)
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User ID: 4576709
United States
11/08/2011 03:33 PM

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Re: Financial Markets Defies All Negative News & Continues To Surge Higher!!!
See the surge into the close!

Now IF (a big if) China data is positive & better than expected we could see a 300-400 point rally tomorrow to crush all shorts....

I have been wrong before so be careful with my analysis!

Last Edited by eagleman on 11/08/2011 03:35 PM

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