Do I even see a dead cat bounce?
Come on bulls, you get to taunt the bears for weeks and we bears only get to taunt you for shorter periods of time 
i asked last night whether bulls would buy
Started by
dcengr
, Feb 22 2011 02:59 PM
11 replies to this topic
#1
dcengr
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Posted 22 February 2011 - 02:59 PM
Did you buy?
Funny, I'm not getting schooled on how to follow the trend, how current internals can't cause a big move down, etc..
I better buy a copy of IBD to see if they tell me to sell.. after -30 point hair cut.. or do I have to wait 3 more days for 4 days of distribution? SPX maybe at 1000 by then
Do I even see a dead cat bounce?
Come on bulls, you get to taunt the bears for weeks and we bears only get to taunt you for shorter periods of time
Do I even see a dead cat bounce?
Come on bulls, you get to taunt the bears for weeks and we bears only get to taunt you for shorter periods of time
Qui custodiet ipsos custodes?
#2
dcengr
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Posted 22 February 2011 - 03:04 PM
Now let me share a bit of what I'm looking at... why am I not short?
Dollar is not moving. I hate that. RSI 12 hourly divergence in ES..
Trendline support on daily at 1310.. may have hit it honestly...
volume kinda low.. tho that's not a bad thing.. it can increase on the way down.
Sold off on Libya? Hmm I don't think so, but that is what the public thinks. Not a plus.
Bulls too quiet.. no crooning about buying the dip.
Qui custodiet ipsos custodes?
#3
redfoliage2
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Posted 22 February 2011 - 03:17 PM
Bulls only buy at highs, new highs 
#4
arbman
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Posted 22 February 2011 - 03:23 PM
Instead of bull drum, I only hear the cricket sounds now...
#5
U.F.O.
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U.F.O.
Posted 22 February 2011 - 03:25 PM
Old trading axiom..."never sell a quiet market".
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#6
vitaminm
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Posted 22 February 2011 - 03:33 PM
Ibd readers may not see these numbers in paper!
Spx....S@1309..........1288...........1245
A M/132 call @2.17 may give one lunch money in oversold market condition!
Edited by vitaminm, 22 February 2011 - 03:41 PM.
vitaminm
#7
dcengr
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Posted 22 February 2011 - 03:41 PM
Old trading axiom..."never sell a quiet market".
U.F.O.
Yes, sadly, that is the case.. no one mentioning why the market is down.. just the fact it is down and bulls getting it up the rear.
This is even worse than Egypt because at least people talked about Egypt a bit. My guess is at some point, Saudi Arabia will get the same revolt, but not for a few more weeks after the bull bus loads up again..
A lot of bulls sitting on top of the bull bus got thrown off when we hit this bump in the road. They're running after the bus tho.. it will slow down and let them back on.
Qui custodiet ipsos custodes?
#8
arbman
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Posted 22 February 2011 - 03:56 PM
A lot of bulls sitting on top of the bull bus got thrown off when we hit this bump in the road. They're running after the bus tho.. it will slow down and let them back on.
It looks like the bull bus just went down the cliff today, I am not sure the bulls will jump down there...
#9
dcengr
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Posted 22 February 2011 - 03:59 PM
A lot of bulls sitting on top of the bull bus got thrown off when we hit this bump in the road. They're running after the bus tho.. it will slow down and let them back on.
It looks like the bull bus just went down the cliff today, I am not sure the bulls will jump down there...
Soon as Gadafi leaves the country or gets killed, there will be a reflex rally. That can happen tonight.
Qui custodiet ipsos custodes?
#10
gm_general
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Posted 22 February 2011 - 04:21 PM
This is even worse than Egypt because at least people talked about Egypt a bit. My guess is at some point, Saudi Arabia will get the same revolt, but not for a few more weeks after the bull bus loads up again..
Maybe we REEEAALLY miss those 20-30 thousand barrels a year we get from the Libyans.
