Edited by redfoliage2, 22 February 2008 - 03:41 PM.
Some One Pulled the Trigger
Started by
redfoliage2
, Feb 22 2008 03:39 PM
7 replies to this topic
#1
redfoliage2
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Posted 22 February 2008 - 03:39 PM
SPX recovered all loss of the day in 15 min. Or my data supplier went wrong?
#2
milbank
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Posted 22 February 2008 - 03:46 PM
I think the someone who pulled the trigger was Tony Montana.SPX recovered all loss of the day in 15 min. Or my data supplier went wrong?
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Edited by milbank, 22 February 2008 - 03:48 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#3
redfoliage2
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Posted 22 February 2008 - 03:48 PM
Is this the engineered bear trap?SPX recovered all loss of the day in 15 min. Or my data supplier went wrong?
#4
dcengr
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Posted 22 February 2008 - 04:00 PM
Were you not reading about 100 posts here and everywhere about the fakeout of the triangle before the scorch upwards?
I tend to think it won't be such a scorch, but lets see.
Qui custodiet ipsos custodes?
#5
redfoliage2
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Posted 22 February 2008 - 04:02 PM
SPX basically came back into the range 1340-1370 like a piece of iron toward a powerful magnet.Were you not reading about 100 posts here and everywhere about the fakeout of the triangle before the scorch upwards?
I tend to think it won't be such a scorch, but lets see.
#6
milbank
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Posted 22 February 2008 - 04:03 PM
If this is a reaction to some rumor in regard to an Ambac bailout, I think you might be right. Even if the rumor is true, I can't imagine any bailout of Ambac at this time that would be enough to change the whole monoline situation dramatically.Were you not reading about 100 posts here and everywhere about the fakeout of the triangle before the scorch upwards?
I tend to think it won't be such a scorch, but lets see.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#7
ogm
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Posted 22 February 2008 - 04:05 PM
If this is a reaction to some rumor in regard to an Ambac bailout, I think you might be right. Even if the rumor is true, I can't imagine any bailout of Ambac at this time that would be enough to change the whole monoline situation dramatically.Were you not reading about 100 posts here and everywhere about the fakeout of the triangle before the scorch upwards?
I tend to think it won't be such a scorch, but lets see.
What monoline situation ? there is no more monoline situation. Buffet will give all munis tripple A. CDO's are discounted to zero already anyway.
#8
redfoliage2
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Posted 22 February 2008 - 04:10 PM
That's why I tend to trust more charts using only close prices instead of intre-day spikes.SPX basically came back into the range 1340-1370 like a piece of iron toward a powerful magnet.Were you not reading about 100 posts here and everywhere about the fakeout of the triangle before the scorch upwards?
I tend to think it won't be such a scorch, but lets see.
