41 replies to this topic

[eminimee]

????....within a few points of a low...don't know why...just a "Norton" thing...

[Islander]

Will...maybe you don't know what is going on? Or you might be nuts? . Best, Islander

[cycletimer]

We are at a pivot point in terms of time and price (DOW). My fearless forcast is DOW 12,000 by August 15/16th, then the bear market resumes..... Holding Long MVV today from 64.01

[norton]

Why indeed? Why not go long? Because: We already made a low after a long steep selloff, therefore the price has already discounted the news. Because: Well, we just made a nice low with heavy negative media hype, leaped up nicely, and have retraced about half, as good a place as any to go long. Because: Going long right now is only some 30 points above the swing low, but 330 points below the swing high, much more able to place a smart stop. Because: Absolutely no one around here rang a bell at the exact top, and no one here will scream a major buy at the exact bottom. Because: Picking is better than waiting sometimes, because the bus can leave very quickly without you on board. And most importantly, as Flip Wilson said, if it feels good then do it. Join the Church of Whats Happening Now.

Edited by norton, 28 July 2008 - 04:49 PM.

[isaac613]

As of right now tomorrow looks just as bad as today. Financials getting rocked again afterhours. Anything could change overnight of course.

[mogreen]

Why indeed?
Why not go long?
Because: We already made a low after a long steep selloff, therefore the price has already discounted the news.
Because: Well, we just made a nice low with heavy negative media hype, leaped up nicely, and have retraced about half, as good a place as any to go long.
Because: Going long right now is only some 30 points above the swing low, but 330 points below the swing high, much more able to place a smart stop.
Because: Absolutely no one around here rang a bell at the exact top, and no one here will scream a major buy at the exact bottom.
Because: Picking is better than waiting sometimes, because the bus can leave very quickly without you on board.
And most importan....tly, as Flip Wilson said, if it feels good then do it. Join the Church of Whats Happening Now.

Most excellent and agree with you....Mer is now up and financials are a buy(XLF) on any opening weekness...and a better buy if they open up..leaving another spike...however i'd love to fill the gap 19.50 or so. "The devil made me write this honey" Geraldine rest in peace! And here's a for your monkey...for those of you who remember the joke.

[nimblebear]

u have yur head up yur .... ?

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Edited by nimblebear, 28 July 2008 - 06:01 PM.

[mogreen]

u have yur head up yur .... ?

Who is that comment directed toooooooooooo?

[eminimee]

Why indeed?
Why not go long?
Because: We already made a low after a long steep selloff, therefore the price has already discounted the news.
Because: Well, we just made a nice low with heavy negative media hype, leaped up nicely, and have retraced about half, as good a place as any to go long.
Because: Going long right now is only some 30 points above the swing low, but 330 points below the swing high, much more able to place a smart stop.
Because: Absolutely no one around here rang a bell at the exact top, and no one here will scream a major buy at the exact bottom.
Because: Picking is better than waiting sometimes, because the bus can leave very quickly without you on board.
And most importantly, as Flip Wilson said, if it feels good then do it. Join the Church of Whats Happening Now.

...I knew I could drag you out from behind the curtains...

[eminimee]

u have yur head up yur .... ?

...and I'll have a first class seat to be able to tell you when the next [bleeeep] is about to hit the fan....
....