listening to the market: another bullish day in progress

i heard some of the yap on CNBS this morning. enough was enough and a half day at the beach was needed to let the gas clear, LOL. then, i guess, there was the frowning and grunting and tsk, tsking about the trillion $$$ deficits. volume was slow and price drifted lower and the bears started believing their own flapjaw ... hahahahaha ... :) so, down to about unch is the best they could do? that constitutes MIGHTY BULLISH tape action, imho. and i look for a firm close! snort! comments?

Honest question.....What will make you bearish?

i heard some of the yap on CNBS this morning. enough was enough and a half day at the beach was needed to let the gas clear, LOL. then, i guess, there was the frowning and grunting and tsk, tsking about the trillion $$$ deficits. volume was slow and price drifted lower and the bears started believing their own flapjaw ...

hahahahaha ... :)

so, down to about unch is the best they could do?

that constitutes MIGHTY BULLISH tape action, imho. and i look for a firm close!

snort!




comments?

Up past 780 on volume will say it all.

traderpaul: honest answer, one of these, not sure which, depends on the date: spx1257, spx 1270, spx1400.

traderpaul:

honest answer, one of these, not sure which, depends on the date: spx1257, spx 1270, spx1400.

CBOE P/C in the .60's all day today...not good.

actually, that is not a problem in the context of a bull market which has tons of rocket fuel available for ignition. go here and scan some p/c ratio's over the years: cboe.com

Edited by humble1, 26 February 2009 - 02:29 PM.

actually, that is not a problem in the context of a bull market which has tons of rocket fuel available for ignition.

go here and scan some p/c ratio's over the years:

cboe.com

Very soon I will join you my friend. Not just yet.

When humble1 gets bearish, then you know it's time to go long. It will be even more reliable than the Cramer fade-o-matic.