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I will repeat this for the last time

Started by isaac613 , Oct 28 2008 02:32 PM

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12 replies to this topic

#1 isaac613

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Posted 28 October 2008 - 02:32 PM

This is not a one day event. This will be a two month event. What happens after that I do not know. Sure there will be down days but the up days will be much greater.

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#2 dcengr

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Posted 28 October 2008 - 02:35 PM

How long have you been saying that? The market is lower than it was a week ago. On the charts its just about testing a broken support around SPX 910. I imagine we'll poke through it to scare off remainder of bears. But clearly, until SPX 1000 is breached, we are not out of the woods. Do not let levels of gain fool you. Its not about how much it moves up or down in a day, its about the level its at. When buyers are willing to pay more than what it was worth before is when you get traction.

Qui custodiet ipsos custodes?

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#3 cgnx

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Posted 28 October 2008 - 02:35 PM

U go girl . :cheer:

If it can be cornered, it will.

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#4 isaac613

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Posted 28 October 2008 - 02:37 PM

Actually this is the first time I have said this with certainty. I bought higher but that was my gut. This is completely different. Like I said, short at your risk. I warned you.

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#5 dcengr

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Posted 28 October 2008 - 02:49 PM

Actually this is the first time I have said this with certainty. I bought higher but that was my gut. This is completely different. Like I said, short at your risk. I warned you.

If I'm not shorting at my own risk, who's risk am I shorting at? Am I a money manager? No.. Am I selling subscriptions? No...

I'm responsible 100% for my trades. I come here for sentiment to confirm what I see in my data gathering exercise. So far, it confirms.

Qui custodiet ipsos custodes?

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#6 cgnx

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Posted 28 October 2008 - 02:50 PM

Its over. There not gonna let those who were leveraged off the hook by giving them higher prices. The foot has been lifted off the victims neck. The rubber band is lifting off.

If it can be cornered, it will.

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#7 coolhand

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Posted 28 October 2008 - 03:54 PM

Its over. There not gonna let those who were leveraged off the hook by giving them higher prices. The foot has been lifted off the victims neck. The rubber band is lifting off.

I tend to agree. It could be a buy the rumor rally on the fed rate hike, but maybe that's what they want us to believe. Have a plan either way. I'm long SPX.

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#8 tommyt

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Posted 28 October 2008 - 03:58 PM

If I'm not shorting at my own risk, who's risk am I shorting at? Am I a money manager? No.. Am I selling subscriptions? No... I'm responsible 100% for my trades. I come here for sentiment to confirm what I see in my data gathering exercise. So far, it confirms. it should be interesting to see what Inv Intell #'s are tomorrow for you then. Honestly, the biggest surprise would be a solid 3 day rally...don't think many can see that, cept Isaac. I'm long and will monitor.