Just a meaningless thought, fwiw. Carry on. 
Running to Stand Still
Started by
IYB
, Feb 12 2009 05:19 PM
11 replies to this topic
#1
IYB
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Posted 12 February 2009 - 05:19 PM
That's how this market looks to me. We keep having these big rallies; but meantime, in reality, we just keep sliding down the slope of hope. One of these days, the hamster's gonna keel over from exhaustion. Just a meaningless thought, fwiw. Carry on.
Just a meaningless thought, fwiw. Carry on.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
Slothrop
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Posted 12 February 2009 - 05:51 PM
I did not lose money today. I look forward to making money tomorrow.
#3
pdx5
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I want return OF my money more than return ON my money
Posted 12 February 2009 - 06:07 PM
This market is clearly news driven more than earnings driven or cycles driven or TA driven or seasonality driven. JMHO.
Too many big moves coming from the Gubbermint to be ignored.
But I will continue to be patient and wait for 800 to be penetrated before adding to LT longs.
It's been 2 months and a half since SPX 800 and counting.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
Data
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Posted 12 February 2009 - 07:08 PM
Reminds me of last summer when they had news on short sale restrictions about every other day. It's obviously clearing out of the obstacles, one way or the other.
#5
spielchekr
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Posted 12 February 2009 - 07:34 PM
Here's a used avater for anyone who wants it, free to a good home. Once we hit this level, I obsoleted it.
#6
eminimee
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I don't care who's fur is flying...
Posted 12 February 2009 - 08:50 PM
I'm seeing some nasty stuff this evening....tomorrow has the potential of being very....very ugly
#7
thespookyone
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Posted 12 February 2009 - 09:25 PM
I'm seeing some nasty stuff this evening....tomorrow has the potential of being very....very ugly
That's what I'm looking for.
Or, put in a different style:
I'm
beared up! Looking for picinc baskets to steal, clawing my way around the house while I GROWL GROWL GROWL! MEGA wave 3 or C down, we have ignition, HUGE gap down coming! Babies in the streets, grown men crying, ect.
#8
U.F.O.
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U.F.O.
Posted 12 February 2009 - 10:00 PM
Hey Tea. What nasty stuff? The night session looks flat so far.
U.F.O.
http://www.cnbc.com/id/17689937/
U.F.O.
http://www.cnbc.com/id/17689937/
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#9
humble1
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Posted 13 February 2009 - 06:08 AM
is that a rodent in a bear household?
#10
sjj
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Posted 13 February 2009 - 06:57 AM
All I see is a bottoming process taking place. As far as I'm concerned, in the last couple months there has been good money to be made simply following the channels and it makes no differnce if your a bear or a bull. On the other hand, at this stage, I see more risk being long term bearish than bullish.
You can't be a beacon if your light don't shine !
