19 votes

Market Watch: Stock Market Bears Come to Life Near Major Resistance

CINCINNATI (MarketWatch) — U.S. stocks have started September at a technical crossroads.

Specifically, each benchmark is challenging multi-year highs — major resistance — and these areas define the bull/bear battleground. The charts below add color:

Read on and see the rest of the charts here:

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Who here was foolish enough to doubt the Barracuda's information below and thereby shoot himself/herself in the foot? Live and learn. When the Barracuda speaks...do yourself a favor and listen!

So Barracuda, will that Monthly lock above the 1419.75 target? ;-)

Wha? .....hey....who stole my country?

There are two main influences on the market

The known part and the unknown part.

The known part can possibly be predicted, but it requires detailed holistic analysis. Still, fools are happy with a couple charts that back up their gut feelings and/or agenda. So holistic analysis is never done.

But even if one did holistic analysis, it wouldn't matter because the unknown part is what throws a monkey wrench in the analysis. If there's a natural disaster, if another war or peace breaks out, if the powers that be flat out choose it, etc...the market can go up or down.

The market is just as manipulated as the Republican party.

The market is the ultimate gambling casino, and the house always wins. But people always want a shortcut to success. So they'll be drawn to gamblimg: lotto for poor people, sports betting for lower-middle class, stock market for middle-class people. The upper-class set up the gambling markets, are debt-free, set up financial services to loan the lower classes money, etc.

There is nothing really special about the upper class except that they understand the big picture and that they are willing to exploit other people ignorance of the big picture.

New multi year highs ahead,

New multi year highs ahead, commodities to really move up, until after the election, they are heck breaks out.

I hate to be a pragmatic..

but technical analysis is basically pseudoscience.. I would not read too much into this chart... I do 100% agree though that on a FUNDAMENTAL and structural basis things are getting ugly in real economic terms but who knows what that means for asset prices.. if nominal values are soaring, say S&P 500 at 10000 (or something crazy like that) is not a positive indicator for the real economy... though it would be a lot uglier for all the shorts!

Buy Silver!

Tom Garcia is talking about silver investments LIVE right now at http://show.ronpaultribune.com

Buy Gold


Have you all been listening to Dr. Paul, the man who has shown the best understanding of economics among all our politicians?


Do not put yourself at the mercy of our fiat currency.


I would if i could afford it

In this Economy. but man is Silver at such a Bargain right now!

His name is Edward Snowden

What is Capitalism?

Silver Has A Higher Upside Potential....BUY SILVER!!

I invest in silver about once a month..

Gold vs Silver

Although Gold is an excellent investment, I actually agree with you that Silver is better. If you compare the cost of Gold vs Silver over its historical relationship, right now silver is "undervalued" in relation to gold. I chose to title my comment "Buy Gold" simply because more people are likely to be aware of the price of gold. But I think the better is advice is to BUY SILVER (and some gold too) :)


Just based on the headline, I say BS!! We will break that high in 2 weeks, most likely this week.

Can the guy who posted this,

Can the guy who posted this, or anyone else, explain these charts a bit? Someone in the comment section below said it means we've reached the glass ceiling and stock have nowhere to go but down. That was somewhat helpful because at first I pretty much had no idea what I was looking at. A little more information would be nice though, preferably in laymen terms. I'm a musician, not a stock broker. But all this seems fascinating.


So...this kind of information sucks. I've got 401K that I have no where to put. Bonds or the standard Larg Cap, Mid Cap, etc... mutual funds. There's no where to go.

What are you guys doing with your 401K?

Same as I wrote in 2008


Since I posted that my portfolio is up 60% or about 13% per year return.

It's Coming: One Pro Sees Big Stock Selloff in 10 Days

An equity strategist for Goldman Sachs is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.

The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.

An ECB Governing Council meeting takes place this Thursday amid growing expectations that ECB President Mario Draghi will lay out some dramatic measures, such as bond purchases or yield caps.

The Fed, meanwhile, meets on Sept. 12 and 13 amid hopes that the central bank will decide on a third round of quantitative easing.


Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain


Anybody want to explain what this means? I don't know economic lingo well enough to decipher the article or the charts.

SteveMT's picture

It means that the glass ceiling has been reached.

There is nowhere to go from here except down, unless the Fed prints more money to artificially prop this dead-dog up some more, and devalue the dollar even more by this monetization.

In other words, no one knows for sure what will happen. They can keep this scheme going for a longtime.

not that long

recent history has shown us that with repeated use, Q.E. works for shorter periods of time while making the ultimate fall that much worse.

The plan is for the Fed to ease until Obama is re-elected. The next time the market flattens...

lights out.

I was just about

To ask the same thing... I feel like I have gone back to school sometimes here on DP. But that is a good thing!! I need to be re-educated after my public school indoctrination.

I'm just thankful that I'm still willing to learn... so many of my friends and family members REFUSE to even look at information I try to give them... I've been called every name in the book here lately and it gets discouraging sometimes.

Ron Paul convert from the Heart of Dixie


U.S. equities are poised to pop to the upside and challenge the 2007 highs.

Take it to the bank.

If anyone...and I mean anyone...

is foolish enough to doubt what the Barracuda says and somehow think they know better, or follow ANY OTHER advice to the contrary...they will surely deserve both what will happen to themselves financially as well as the stains that will undoubtedly appear in their underwear upon the realization of their folly...


Wha? .....hey....who stole my country?

I find it a bit odd that you

I find it a bit odd that you feel the need to follow Barracuda's posts and reinforce how right he is. What is your motivation for doing this.

He has shown me the path to the light in the past...

...and I am both personally appreciative, eternally grateful and absolutely sure of his market expertise and motivations in trying to help others...especially those that come to this specific blog. He is a good man.

Wha? .....hey....who stole my country?

I can appreciate that. Do you

I can appreciate that. Do you mind me asking specifically what path to the light he showed you. (I always like getting good advice)

Long story...

...and only pertinent if you are an active trader. But if you'd like to contact me privately, I can steer you to a couple of things that may help.

Wha? .....hey....who stole my country?

A market crash is about the

A market crash is about the only thing that might push Romney over the top.

Only the acceptance of the truth can defeat systemic evil.