Guys
#1
Posted 28 November 2011 - 03:37 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 28 November 2011 - 03:40 PM
#3
Posted 28 November 2011 - 03:55 PM
#4
Posted 28 November 2011 - 04:03 PM
Guys, take it from a very conservative sort. I know there are problems out there. I can see them.
This is a Bear market. The trend is down. Yes, I didn't see crazy Beared up Sentiment either.
But this is the time of the year to buy. Pick your day. You've got NAAIM at your back, but a lot less now than Friday, obviously. Selecto's CBOE:SPX tool turned up and now momentum is backing it.
I'm just telling you that it'll be a miracle if at Christmas you aren't wishing you'd been doing some buying in here.
Mark
well said amigo
Senor
#5
Posted 28 November 2011 - 04:08 PM
Mark S Young
Wall Street Sentiment
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#6
Posted 28 November 2011 - 04:32 PM
I don't know about you, Senor, but I can't tell you how many times I've sat there beating my head against the wall for not being long or long enough as the market drifts higher for Christmas. If they hurt me this go round, well it'll be the first time.
Mark
Thanks, Mark.
They will run it up until mid-December or so.
Friday's job report may represent the last hurdle to SPX 1300
#7
Posted 28 November 2011 - 04:32 PM
Guys, take it from a very conservative sort. I know there are problems out there. I can see them.
This is a Bear market. The trend is down. Yes, I didn't see crazy Beared up Sentiment either.
But this is the time of the year to buy. Pick your day. You've got NAAIM at your back, but a lot less now than Friday, obviously. Selecto's CBOE:SPX tool turned up and now momentum is backing it.
I'm just telling you that it'll be a miracle if at Christmas you aren't wishing you'd been doing some buying in here.
Mark
And you've got the old saying I mentioned the other day: "Buy at Thanksgiving to pay the Christmas bills." It's off to a good start.
IT
#8
Posted 28 November 2011 - 04:43 PM
I don't know about you, Senor, but I can't tell you how many times I've sat there beating my head against the wall for not being long or long enough as the market drifts higher for Christmas. If they hurt me this go round, well it'll be the first time.
Mark
Thanks, Mark.
They will run it up until mid-December or so.
Friday's job report may represent the last hurdle to SPX 1300
IMHO, watch ISM PMI Thursday before you even worry about NFP. EU, China contracting and below 50 now. US still above 50. If we drop below 50, watch out. We could stay above 50 as liquidity still high and US has not started any major austerity measures, just stopped helicopter dumping for now, lol.
Doc
#9
Posted 28 November 2011 - 05:19 PM
I don't know about you, Senor, but I can't tell you how many times I've sat there beating my head against the wall for not being long or long enough as the market drifts higher for Christmas. If they hurt me this go round, well it'll be the first time.
Mark
si and I have the dents to prove it!
Senor
#10
Posted 28 November 2011 - 05:59 PM
Be very careful here folks...today was NOT a good day as far as I can see.
In fact, I'm starting to get very concerned here.
But what do I know?
Fib
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