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every micro dip is being bought


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#1 dcengr

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Posted 30 July 2009 - 02:03 PM

big run up from july low... consolidate sideways, pop up.. consolidate sideways, pop up.. and now we're moving sideways.. no reversals, no nothing. I see bears will point to vix, oex p/c, overbought, sentiment, whatever.. still going up. theres still tons of money on the side.. I still think its a bear market, but this thing has a life of its own.. and SPX 1000 is a gigantic magnet, which once breached will be like throwing gasoline onto fire. At some point it will burn itself out, but i don't think its today.
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#2 dcengr

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Posted 30 July 2009 - 02:46 PM

nice reversal.. maybe a gap down and we can seal the deal for a top
Qui custodiet ipsos custodes?