Short at the close again via SDS.
Rejection at resis
Started by
NAV
, Feb 25 2009 04:15 PM
6 replies to this topic
#2
goldswinger
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Posted 25 February 2009 - 04:23 PM
I agree, you can't fix the excessive lending that took place the last 10 years by additional lending and spending out of thin air. Time is the only answer to paire debts down, improve balance sheets, increase savings, etc....
Everybody seems to be hoping for the Obama Rabbit... no such thing ..... only in Vegas!
Goldswinger.
#3
NAV
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Posted 25 February 2009 - 04:26 PM
Dead cat bounce over !
#4
eminimee
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I don't care who's fur is flying...
Posted 25 February 2009 - 05:06 PM
I have to disagree ..although not committed to a substantial long position...
..the fact that there is clarity coming into focus on how this "stress test" on banks will be performed...will be a relief and release........a substantial scorch could very well happen from here...
..Nav..I know you operate with stops...this ain't for you
Edited by Teaparty, 25 February 2009 - 05:09 PM.
#5
relax
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Posted 25 February 2009 - 05:33 PM
won't the scorch come from anything once the technicals are right
not being able to rally from an oversold nymo, is negative in my opinion
but agree that timewise we should be close to a rally, pricewise we would be far away
Edited by relax, 25 February 2009 - 05:33 PM.
#6
goldswinger
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Posted 25 February 2009 - 05:47 PM
At least one more dive is necessary for a washout and bring the fear of gosh again, then a V type rally will happen before the next bear leg, can`t wait to ride it but for now down is still the trend.....unless yor are a buy and holder like H1 then you can go long any time as at some point soon we`ll hit at least 8900 - 9000 on the Dow......
#7
zigzag
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Posted 25 February 2009 - 08:09 PM
I'm of the persuation that this is a dead cat but that really looked like a shake out to me. Futures are recovering some and a gap up to 780 isn't out of the question.
