Positive divergence all over the place. Oil going higher. Market wants to bounce here. I think it can doooooooo it.
I am going to go out on a limb and say we close higher today
Started by
isaac613
, Feb 12 2009 01:14 PM
13 replies to this topic
#2
atlasshrugged
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Posted 12 February 2009 - 01:41 PM
your not on a limb your going out on a plank LOL
#3
trioderob
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Posted 12 February 2009 - 01:44 PM
This market is not going up today.
If anything it looks like the washout is about to start with a major fib retracement
Edited by trioderob, 12 February 2009 - 01:45 PM.
#4
denleo
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Posted 12 February 2009 - 01:59 PM
It is going higher. This is the beginning of "ignore the banking crisis" trade.
Denleo
#5
trioderob
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Posted 12 February 2009 - 02:07 PM
It is going higher. This is the beginning of "ignore the banking crisis" trade.
Denleo
can you go into more detail on your viewpoint ?
#6
denleo
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Posted 12 February 2009 - 02:12 PM
It is going higher. This is the beginning of "ignore the banking crisis" trade.
Denleo
can you go into more detail on your viewpoint ?
Not really. Just feels like NASDAQ will win the battle over banks. Feels bullish.
Denleo
#7
10Shekel
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Posted 12 February 2009 - 02:17 PM
Not really. Just feels like NASDAQ will win the battle over banks. Feels bullish.can you go into more detail on your viewpoint ?It is going higher. This is the beginning of "ignore the banking crisis" trade.
Denleo
Denleo
I dunno D - you think $TRAN is telling a story @ -2.45%?
#8
humble1
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Posted 12 February 2009 - 02:17 PM
yes, i agree. this seems to be adding up to another failed attempt by the bears.
well, i just got back from the coast and a tasty seafood buffet and it feels like spring. let's hope ms. market feels that way, too.
let's turn this thing into an engulpher; the later in the day the better!
let's turn this thing into an engulpher; the later in the day the better!
Edited by humble1, 12 February 2009 - 02:19 PM.
#9
Slothrop
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Posted 12 February 2009 - 02:18 PM
It's the legendary long QLD, long SKF trade.
#10
traderpaul
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Posted 12 February 2009 - 02:19 PM
Banks go up, market goes up....Banks go down will takes the market with it....Can't put a pin in a balloon without popping it....It is going higher. This is the beginning of "ignore the banking crisis" trade.
Denleo
can you go into more detail on your viewpoint ?
Not really. Just feels like NASDAQ will win the battle over banks. Feels bullish.
Denleo
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
