Taking a profit.
Covered spooz at 814 for a 13 point profit.
Bears are weak here.
800 will not be broken.
Denleo
Taking a profit
Started by
denleo
, Feb 12 2009 10:33 AM
5 replies to this topic
#2
atlasshrugged
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Posted 12 February 2009 - 10:40 AM
bears are weak???? 2100 decliners????it will break
#3
gorydog
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Posted 12 February 2009 - 10:46 AM
bears are weak???? 2100 decliners????it will break
I agree the outcome is still uncertain as we have not hit the biggest support yet and momentum is flagging.
GD
#4
ogm
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Posted 12 February 2009 - 10:57 AM
Bears are weak ? And who is strong ? the Bulls ? 
Bears are afraid to be short and bulls are complacent.
Give it a couple days it will be broken. All rallies have failed and will keep failing. All expectations of all stimulus plans and bailouts are priced in and all news is out.
Daily indicators have now all lined up into a solid technical sell setup from momentum to internals.
Bears are afraid to be short and bulls are complacent.
Give it a couple days it will be broken. All rallies have failed and will keep failing. All expectations of all stimulus plans and bailouts are priced in and all news is out.
Daily indicators have now all lined up into a solid technical sell setup from momentum to internals.
Edited by ogm, 12 February 2009 - 10:58 AM.
#5
isaac613
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Posted 12 February 2009 - 11:11 AM
All moves down have also failed in the last 3 months. Why don't we just keep the market rangebound and all make money. Buy here, sell at 870. Keep doing it until we are all rich. Sounds like a good plan to me.
#6
Russ
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Posted 12 February 2009 - 11:17 AM
Bears are weak ? And who is strong ? the Bulls ?
Give it a couple days it will be broken. All rallies have failed and will keep failing. All expectations of all stimulus plans and bailouts are priced in and all news is out.
Daily indicators have now all lined up into a solid technical sell setup from momentum to internals.
Small specs are very long here but the large specs and commericals are short the big contracts.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
