7 replies to this topic

[denleo]

Still no pull back, and I am still waiting for it. I am long spooz, but a 5 point pull back will allow me to complete my purchases. I hope it will come, otherwise I will not make as much money as I should. NASDAQ is trying to act a little better, which is bullish. Small and mid caps are holding well. Internals are still strong. Denleo

[greenie]

What do you mean by pullback? Are you using a trading book from last century?

[denleo]

Pull back in this market is 5 to 7 S&P points. Down to SPX 1440 would be a deep pull back. That is about 7 points from here. I doubt I am going to get it though. Denleo

[traderpaul]

They are distributing shares.....A deep pull back will force them to buy.....They don't want to buy.....therefore a shallow pull back.....

[denleo]

Who are they? I am not distributing anything. I don't know anybody who is distributing anything. Denleo

[traderpaul]

For every buy order there is a sell order, otherwise there will be no trade.....

[Spectacular Bid]

They are distributing shares.....A deep pull back will force them to buy.....They don't want to buy.....therefore a shallow pull back.....

For every buy order there is a sell order, otherwise there will be no trade.....

It could be that I'm just stupid. That's a definite possibility, but a good majority of the time I have no idea what you're talking about or trying to say. In the context of this thread this would be one of those times.

[pdx5]

My SOTP guess is the pullback has been postponed until April Fool's day by the newly elected congress. So....better buy now or else the train is long gone.