rocky mountain thigh wednesday, page-5

The media always needs to attribute market moves to something and finds reasons whether they are real or not.

Europe woes drag the market lower...

When it rises, and that makes no sense, it's "rising despite Europe woes"

Last night pre-market CNBC said Bernanke's statement was NOT expected to have an impact.

When stocks were sold off, they naturally blamed him.

Sheesh.

Funky, that's a nice bull flag on the DJIA.

Once again, not convinced by the US action overnight.

DJIA still being supported by the 200 sma.
SPX is at the 50% fib AND 50 day sma.
VIX continued to fall instead of going up some CBOE traders are betting on an imminent reversal.
And there is a triple top on the US dollar index.

Good luck all