Could be a decent pullback
Addition to my Insider selling post
Started by
skott
, Mar 09 2010 03:19 PM
7 replies to this topic
#2
arbman
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Posted 09 March 2010 - 03:23 PM
The insiders have been selling for the past 200 points, actually make that 300 or even 400!
I am not sure, I think they are happy to be able to sell again to pay for their expensive homes, Maseratis, Ferraris and so on since 2009...
#3
skott
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Posted 09 March 2010 - 03:27 PM
the selling to buying is extreme. I think it can go on longer too. They don't sell in one day or week or month. This extreme signal occurred near other Major tops but as I said before could be months before the party is over that is why you have to use other things with it. good luck
#4
arbman
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Posted 09 March 2010 - 03:30 PM
I think the insider selling was important, but we are trading the arbitrary interventions of the Fed, so nothing is really relevant anymore...
#5
skott
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Posted 09 March 2010 - 03:39 PM
lol, yep could be. Could be inflationary market boom. we'll know as it progresses. Near Term I'm looking for a test of 1107 and see what happens there. May not occur at all but this is my pivot
Edited by skott, 09 March 2010 - 03:43 PM.
#6
arbman
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Posted 09 March 2010 - 03:43 PM
All rates across the board are going up, what do they tell you?
#7
skott
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Posted 10 March 2010 - 03:14 PM
Gold stocks have been leading this market for over a year. They have failed to make new highs (understatement) and are heading down again. Mr Market, take your cue?
#8
skott
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Posted 11 March 2010 - 01:48 PM
possible test of 10,700 in the cards. if it occurs would be an excellent shorting point
