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A perfect world?


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#1 Rogerdodger

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Posted 02 May 2008 - 09:18 PM

At today's open, I couldn't help but think of Gene Inger's post last week calling for a 300 point post FED rally then a tank.

We got the 300 points, but are too many expecting the tank?


I could see Inger's breakout then tank scenario:

'Technical Inflections Loom' 4/28/8, By Gene Inger


Convoluted complexities . . . reasonably describes the world and market situations; at least as of now.

In a perfect world I'd actually prefer (if it were very soon) to see a post-Fed meeting 'breakout' next week, of 300 Dow points give or take, convincing everyone everything is restored, and then tank stocks. Is it likely?

Why tank thereafter?


LINK



#2 Rogerdodger

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Posted 02 May 2008 - 09:33 PM

We got a nice trendline break, but where was the volume?

#3 atlasshrugged

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Posted 03 May 2008 - 12:38 AM

We got a nice trendline break, but where was the volume?



the ndx is on a mission to fill its gap from january...that and intc has a gap above...i cant imagine its come this far without trying to fill em