08/27/2014 Live Update

[Cobra]

well, guess that's it for today. Thursday tomorrow has no apparent bull edges which is now the best bears can get. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[MrMiyagi]

This market is never NEVER EVER going down again!

[fehro]

This market is never NEVER EVER going down again!

yes it will.... unfortunately.. on probably a nasty gap..

[Daniel]

Scottrade has the current official close of SPX index as $2000.12 +0.10.

Buddy can you spare me a dime?

Is somebody at Treasury painting these closes with oils, canvas and a paint brush? Somebody really likes seeing that TWO at the beginning...

GLTA

[Heck]

Al_Dente, Heck, thanks

By the way lots of talk about Draghi's comments in Jackson Hole in regard to QE in Europe. Apparently the boss of the German Fed said today that Draghi has been misunderstood, there will be no QE announcement next Thursday (September 4th). So I'll post this chart here, although Cobra doesn't like it presumably he's long DAX

(Note that this is Tuesday's chart, stockcharts updates Europan indices after the NYSE close - DAX closed Wednesday afternoon at 9569.70)

DAX.png

Hey, I said the most you can get today is a narrow range bar, which indeed.

Just saw this.
Thank you!