Some people are WAY off!

Posted 21 October 2009 - 03:08 PM

Spielchker: I wish we'd hit 1104 tomorrow. (Top was 1101.36)
IYB: It's been teetering for over a week now, but I think the teeter just tottered into the abyss.....
And a host of others.

Any way, that drop on some pretty big volume looks like the beginning. TWT
They ran some stops for sure.

Edited by Rogerdodger, 21 October 2009 - 03:29 PM.

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Posted 21 October 2009 - 03:23 PM

Beautiful day today. If I may pat myself...

http://www.traders-t...?...st&p=488233

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Posted 21 October 2009 - 03:25 PM

Your man T-T-T-T-T-T-Terry has been right on this thing, RD. Thanks for your posts...

Edited by IYB, 21 October 2009 - 03:26 PM.

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Posted 21 October 2009 - 03:38 PM

One day does not a top make.
But often a quick impulsive move will be the beginning of a bus ride with no easy entry or exit.
I remember the same thing on the blast thru 888 going up.
That level had important resistance.
I haven't looked at today's level in relation to longer term levels.
Any way, it was fun while it lasted.

I did think about sweating a few times, but I held to my shorts, knowing that If I was early I was in good company with the likes of Marty Schwartz.

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Posted 21 October 2009 - 04:18 PM

Spielchker: I wish we'd hit 1104 tomorrow. (Top was 1101.36)

Bulls were chicken.

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Posted 21 October 2009 - 05:20 PM

Good stuff Roger, maybe the top is finally here. I've been busy working on my roof before winter sets in. Finished around 3pm and tuned into CNBC to see the market was up again with Bob Pisani and the gang talking about how great things still are with the dollar tanking causing another rally. Turned that off, and after checking my stuff after the close I see the bottom of the high fell out... I never did hear them explain that nor do I care the hear... You and TT keep us posted..

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