Friday, September 4, 2009

S&P 500 - September 4, Before Market Open

Just wanted to share a picture of insanity with you



This is a 1-min chart. The reason for the madness is employment data.

I have not looked at the report. I don't really care what it says. True industrial output has to pick first for employment to have a chance.

Just look that the whipsaw of the New York minute. Insane!

Looking at the report, now, I saw this


Spain rallies on joblessness.

Ole!

Jobless Bulls Everywhere!

Ole!

Trade Safely!

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