with quite a number of distribution days mixed in. Its at a test point here, with bulls hoping this is a wave 4.
spx
low volume mega bull
Started by
tommyt
, Jan 20 2010 10:20 PM
4 replies to this topic
#2
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 21 January 2010 - 12:11 AM
Up an average of 4 points a week for the last 3 months is a "mega bull"? I've seen "a bit" better renditions, and...it's not a bull, it's a correction.
Edited by thespookyone, 21 January 2010 - 12:11 AM.
#3
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 21 January 2010 - 12:50 AM
Up an average of 4 points a week for the last 3 months is a "mega bull"? I've seen "a bit" better renditions, and...it's not a bull, it's a correction.
Mega-bull, mega-bear are useless hyperboles with too much subjective emphasis. Let's just call it an uptrend (which is undeniable), until it's not.
#4
goldswinger
-
- Traders-Talk User
- 2,612 posts
Member
Posted 21 January 2010 - 07:00 AM
with quite a number of distribution days mixed in. Its at a test point here, with bulls hoping this is a wave 4.
spx
TommyT, Megabulls generaly engender increased tax revenues as a result. Most states are seeing decreased tax revenues. Case in point Illinois ,even after receiving a good dose of stimlus. Other states are in much worse shape and I don't mean Greece.
http://www.chicagobu...articleId=32910
What we have is simply a strong good old fashioned bounce, aided and abetted by fake money.
GS.
#5
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 21 January 2010 - 08:40 AM
Up an average of 4 points a week for the last 3 months is a "mega bull"? I've seen "a bit" better renditions, and...it's not a bull, it's a correction.
Mega-bull, mega-bear are useless hyperboles with too much subjective emphasis. Let's just call it an uptrend (which is undeniable), until it's not.
Agreed NAV, but the structure so far is clearly corrective-until it's not
