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DARK


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#11 qqqqtrdr

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Posted 13 December 2008 - 10:19 AM

I see a lot more people looking at being pessimistic at the time. Heck OEX put/call was awfully bullish all the way day, so if it is bearish now, does that mean it will go down..... Personally if things don't get better over the next couple of months, I think we will see a new low that many people are counting on, but I do think we are going higher here in the short term. At the moment my confidence level is not high, and it has been trying for any bull in this market, but I bet it is very frustrating for the bears that any initial move down is being bought. Personally, there is tons of money on the sidelines, that will more than likely be sucked in on the bullish side before we get the next leg down.... Barry

#12 Tor

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Posted 13 December 2008 - 10:21 AM

Bottom line: There are no growtrh drivers at the moment as we enter a recession. Remember the consumer is only just feeling the pinch, starting now. Secondly, the complacency of pople like humble (absolutely no disrespect meant), is truly staggering. The SPX is going to 600. I dont know when or how, making it of little use, but the escalating problems in the housing market, clearly point that way.
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#13 Wavetimer

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Posted 13 December 2008 - 10:22 AM

http://siliconinvest...?msgid=25250179

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#14 rigelpug

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Posted 13 December 2008 - 10:26 AM

Bottom line:

There are no growtrh drivers at the moment as we enter a recession. Remember the consumer is only just feeling the pinch, starting now.

Secondly, the complacency of pople like humble (absolutely no disrespect meant), is truly staggering.

The SPX is going to 600. I dont know when or how, making it of little use, but the escalating problems in the housing market, clearly point that way.




Yes, it is going there ASAP.

#15 traderpaul

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Posted 13 December 2008 - 10:47 AM

Let us compare the Dark days.....The last one was a panic in the park.....Notice the volume this time around.....The prices around the moving averages and how far we are away from the 200dma.....
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&st=1980-08-15&en=1982-08-15&i=t90278930333&r=6189.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=2&mn=0&dy=0&i=t06728561357&r=765.png
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#16 traderpaul

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Posted 13 December 2008 - 11:07 AM

After studying the charts, i came up with the conclusion that we will have another down leg.....after that we need to work sideways for the 200dma to catch up.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#17 Rogerdodger

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Posted 13 December 2008 - 11:40 AM

What happened when the media used "DARK" on August 15th 1982?
Now if we can just get above that 50DMA.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&st=1981-01-01&en=1983-01-01&i=p81799018503&r=3150.png

#18 traderpaul

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Posted 13 December 2008 - 11:46 AM

What happened when the media used "DARK" on August 15th 1982?
Now if we can just get above that 50DMA.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&st=1981-01-01&en=1983-01-01&i=p81799018503&r=3150.png

That was a cross of 50/200dma.....That was what i said....the 200dma is so far away.....
Also a whole year of base building.....

Edited by traderpaul, 13 December 2008 - 11:51 AM.

"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#19 humble1

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Posted 13 December 2008 - 12:13 PM

great perspective from rd and the chef. that fractal is just what i am looking for, fwiw. also, the latest unemployment #'s were the worst since november 1982. now, go back and look at rd's chart. how did folks who were watching those #'s do from 8/9/82? i'll tell you how: they got their butts kicked into the next ice age! this time: the stimulus is much greater, too. be LONG or be WRONG!!!!!

#20 traderpaul

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Posted 13 December 2008 - 12:22 PM

great perspective from rd and the chef. that fractal is just what i am looking for, fwiw. also, the latest unemployment #'s were the worst since november 1982.

now, go back and look at rd's chart. how did folks who were watching those #'s do from 8/9/82? i'll tell you how:

they got their butts kicked into the next ice age!

this time: the stimulus is much greater, too.

be LONG or be WRONG!!!!!

Great, the patient is dying let's give him more money to cheer him up.....Happy days are here again.....All the problems are solved.....To da moon, here we go....Right, h1? Btw, look at the second half of Dec in 81.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay