Violen bottoming process in progress
Restest of lows
Big range bars, wide swings, blood in the streets -- BUY
FINANCIALS NOW!
MOTHER OF ALL BUYS
Started by
dTraderB
, Sep 29 2008 01:13 PM
4 replies to this topic
#2
traderpaul
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Posted 29 September 2008 - 01:29 PM
After a few years of a bull market. People forgot what a bear market looks like.....Every drop is a bottom.....Every dip is a buy.....Ok, we bottom today.....What will make this market to go up and stay up?....Earnings?
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#3
dTraderB
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Posted 29 September 2008 - 01:36 PM
Buy NOV XLF 19 or 20 calls
Sell NOV XLF 17 or 16 puts
Or the stocks: XLF, C, IBN
#4
OEXCHAOS
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Mark S. Young
Posted 29 September 2008 - 01:43 PM
After a few years of a bull market. People forgot what a bear market looks like.....Every drop is a bottom.....Every dip is a buy.....Ok, we bottom today.....What will make this market to go up and stay up?....Earnings?
Paul. Money is what will make the market go up and stay up.
Make the counter party risk diminish and the cash will flow into the market.
Right now, it's flowing into treasuries.
Mark
Mark S Young
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#5
milbank
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Posted 29 September 2008 - 01:50 PM
Seeing the title of the thread, the first thing that came to my mind was that old saying that ended...
"...But the second mouse gets the cheese."
"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
