With so many fundamental evidence that the interest rates wont stop increasing or at least won't drop down for a long time, the stock market cannot discount a lower cost of capital. Banks are getting degraded, problems of the average American to service their loan and subprime commitments, a rapid deterioration in money supply (both MS1 and MS2) this will not cause a "soft landing" at least in the U.S. equity's market.
Technical Analysis, (the classic one) is an esoteric art. Some times its very accurate and some times it doesn't. However, it is always a map of prices and it helps the mid-short term trader to have a guidance it it's trading effort.
Getting into the point of my idea, I will go short at the S&P500 at where it is right now that I am writing this lines with a stop loss where the chart shows and an exit profit where the chart shows again. The risk to reward ratio for this particular trade is high enough (more than 1 for 6)
and I will comment on the trade each day ahead.
Technical Analysis, (the classic one) is an esoteric art. Some times its very accurate and some times it doesn't. However, it is always a map of prices and it helps the mid-short term trader to have a guidance it it's trading effort.
Getting into the point of my idea, I will go short at the S&P500 at where it is right now that I am writing this lines with a stop loss where the chart shows and an exit profit where the chart shows again. The risk to reward ratio for this particular trade is high enough (more than 1 for 6)
and I will comment on the trade each day ahead.
Trading ditutup: stop tercapai:
Well that didn't go so well...