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Expect new lows in the Dow and the S&P next week - downward pressure continues


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2014 Oct 18, 1:42am   4,679 views  12 comments

by darlag   ➕follow (1)   💰tip   ignore  

The S&P 500 is still tracking in lockstep with the Dow Jones Industrials. Like the Dow, the S&P will continue its downward trek in the coming week. The corrective rally Thursday and Friday should have relieved the oversold pressure from earlier in the week allowing the index to trace out new lows over the coming week or so.

Dow:
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-10172014/

S&P 500:
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-week-ending-10172014/

Comments 1 - 12 of 12        Search these comments

1   Bubbabeefcake   2014 Oct 18, 9:07am  

Bottom line:

consumers have no real money with which to consume, and the private sector has no liquidity to help producers grow.
http://hat4uk.wordpress.com/2014/10/18/the-saturday-essay-theres-no-consumer-credit-or-liquidity-funds-left-folks-and-the-vix-knows-it/

2   Strategist   2014 Oct 18, 2:03pm  

My biased crystal ball says a big jump is coming next week.
All you need is a dart to pick stocks Monday morning.

3   Strategist   2014 Oct 28, 9:49am  

Call it Crazy says

sbh says

Brutal down day today. New lows. Looks like it's accelerating as well.

Yep, it was a brutal day... DOW only gained 188 points...

It's not even 20,000 yet. Very brutal.
Damn Zionists.

4   Bubbabeefcake   2014 Oct 28, 1:45pm  

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

5   Bubbabeefcake   2014 Oct 28, 1:59pm  

sbh says

Your bearishness is a religion.

Better yet......Abstract Sarcasm

6   Strategist   2014 Oct 28, 2:07pm  

Bubbabear says

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

Solution - More QE

7   Bubbabeefcake   2014 Oct 28, 2:23pm  

Strategist says

Bubbabear says

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

Solution - More QE

Result-Blood in the Streets

8   Strategist   2014 Oct 28, 2:33pm  

Bubbabear says

Strategist says

Bubbabear says

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

Solution - More QE

Result-Blood in the Streets

Worth it!

9   Bubbabeefcake   2014 Oct 28, 2:40pm  

Strategist says

Bubbabear says

Strategist says

Bubbabear says

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

Solution - More QE

Result-Blood in the Streets

Worth it!

Even if we're drowning it....got it

10   Strategist   2014 Oct 29, 1:00am  

Bubbabear says

Strategist says

Bubbabear says

Strategist says

Bubbabear says

Matthew Ch 26:V52

The Country that lives by QE , Dies by QE....

Solution - More QE

Result-Blood in the Streets

Worth it!

Even if we're drowning it....got it

We're floating. Look at the Dow.

11   Strategist   2014 Oct 29, 1:03am  

sbh says

At 2PM EST today the veil will be lifted and the fraud exposed! Obummer and Yellin will be ousted and beheaded by Mish, Schiff, and Rand Paul. You still have time to buy gold and guns as the Dow crashes to below 5000 in one day.

Should be a fun day. It's always exciting to see blood on the streets.

12   Strategist   2014 Oct 29, 3:54am  

sbh says

Actually folks today's price action proves everything said earlier is wrong.....it's going to be worse, so much worse.

My guess - Markets will go up after the Fed garbage comes out.

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