Wednesday, August 5, 2009

SDS, EEV and QID - The Red Headed Step Children

Who the fuck knew things were so damn rosy out there? I mean looking at these three you would think that any hint of a recession or unemployment or the plethora of other issues that exist don't exist. This is the most screwed up shit I have ever seen. Notes are in the charts. The skid marks - I mean gaps are the brown sharts across the screen. All support resistance lines are with historical points included. These wedges were so easy to draw even prophit got one of them right in TOS.

EEV - Has fallen 91.75% from its 196 top. So things are so good in emerging markets that this has happened. WTF is gonna happen to EEV when things really do recover in 10 years? Previous all time low was 58.12.



SDS - Has fallen - get this - 61.8% off of the top. 40.38 is all time low.



QID - Has fallen 61.8 points from the top (not a fib number, but kind of cool in relation to that number). Anything below 28.46 is setting all time new lows.