The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« QQQs Rally At Day's End | Main | We're Not There Yet »

October 06, 2011

Comments

Valentin Tristan Jr.

After investors realize that the markets are truly going down, the gold sector will improve and precious metals will resume their bullish uptrend again. This time the precious metal stock will outperform precious metals and especially the general stock market. It will be the juniors (gold and silver stocks) turn to shine.
Gold and silver has been in a bullish trend and has outperform the DOW, S&P, and The Nasdaq since 2001. It will be the only game in town. That is not to say there will not be some individual stocks that will go up, but as a sector the precious metal group will shine.
For the DOW I see resistance at 11.3K and if it does hold at that level then this was not a very impressive rally, about 600 points. Nowadays one can see 400 or 500 points days, going either up or down.

Dennis Elam

Valentin
Indeed gold stocks are already making a move. They will precede teh move in stocks. Stocks appear to be moving in different areas, high tech now, retail next. The low may well be in valentin!

Valentin Tristan Jr.

The Brakes are on this mini Rally!
Average daily volume for the last three months is 4,572,467,727
I average the table.
http://finance.yahoo.com/q/hp?s=%5EDJI+Historical+Prices
Oct 4 volume 3,714,670,000
Oct 5 volume 2,510,620,000
Oct 6 Volume 5,098,330,000
Only on Oct 6 was the volume higher than the average volume but not by much.
If you average the volume the last three days that it has rallied it is only 3,774,540,000. Well below the 3 month average. Does this look like a true rally or is it a DEAD CAT Bounce.

Valentin Tristan Jr.


One more thing that is a nice divergence between the S&P, NASDAQ (which have been red all day)and the DOW (which is trying to stay green):
That’s not indicative of a strong RALLY. As of 2:15 pm.

Valentin Tristan Jr.

For all the excitement of the rally, here are some real numbers. We had three up days 153 on tuesday 131 on Wednesday 183 on Thursday and two down days Monday -258 and Friday -20.
Up days Totals 467
down days totals -278
for the week up 189
189 on the backdrop of a DOW thats been going down for about three months .

SMELLS Like A DEAD CAT BOUNCE

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