Benny is working hard..his job is on line..
post wkend jam still in works
Started by
andiron
, Jan 19 2010 10:30 AM
4 replies to this topic
#2
cycletimer
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Posted 19 January 2010 - 10:34 AM
Benny is working hard..his job is on line..
This is very tame and not at all intimidating for bears..... if anything, add to your shorts..... we should start to reverse by afternoon if not sooner..... I still expect a low tomorrow......
#3
porsche911sg
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Posted 19 January 2010 - 10:38 AM
We are going down big from here!Benny is working hard..his job is on line..
This is very tame and not at all intimidating for bears..... if anything, add to your shorts..... we should start to reverse by afternoon if not sooner..... I still expect a low tomorrow......
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
qqqqtrdr
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Posted 19 January 2010 - 10:47 AM
Friday's decent down day shot my shorting opportunity for at least 2 but most likely 4 days before the next shorting opportunity... Looks like the bears think we started our run lower instead of seeing the next and last pop-up... My trend indicators are still all pointing higher.... Breadth of the market is still decent... Medium term indicators are still weakening....
Barry
#5
maineman
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maineman
Posted 19 January 2010 - 12:28 PM
As you know I've been bullish since early November. I do think there's a pause lurking in the wings. I still feel it will come from a little bit higher. Picking the top here might be lucrative but it might be nerve wracking. Probably better to wait for this breadth stampede to slow down and then short when/if we start slicing through support levels. You might miss a few points off the top but you'll sleep better. IMHO.
mm
