Wednesday, September 10, 2008

It's Hard Work

the Nasdaq 100 don't look so hot anymore:



little trendline breakage, price sitting at the 208 week moving average. (that's four years, for those of you without a calculator.) the collapse of the housing market, mortgages, &c, that kind of stuff has largely been digested. but the collapse of the Worthless Shit Market? by the looks of it, the Bear may just be catching the scent...

here is the S&P 500 relative to the price of Silver:



the ratio has reäpproached the neckline of one of the great head & shoulders patterns of all time (so I'm prone to over-statement, been up all night). might be a good time to trade some stocks for some silver. but if you went with Gold instead I wouldn't argue. the authorities have turned to 'fiscal measures' to 'Keep America Rolling'. It's Hard Work.