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Where is this Market Heading?


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#1 traderpaul

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Posted 30 October 2008 - 02:24 PM

There is a red head standing right at the 50dma. If we get lucky, there is a blond waiting at the 200dma.....I am going to buy some clothes....See you all.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#2 cgnx

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Posted 30 October 2008 - 02:26 PM

I'm just hoping for a happy ending.
If it can be cornered, it will.

#3 tommyt

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Posted 30 October 2008 - 02:49 PM

Is news comin on GS? what a log.

#4 ogm

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Posted 30 October 2008 - 02:59 PM

Is news comin on GS? what a log.



There is no real reason to own GS. Just about every business they are in is shot for the time being.

#5 isaac613

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Posted 30 October 2008 - 03:15 PM

We are going way higher. Its going to leave all the shorts and sellers behind.

#6 humble1

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Posted 30 October 2008 - 03:22 PM

okay, that's all i needed to know. when isaac tawks, i listen. (and sleep well.) :)

#7 qqqqtrdr

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Posted 30 October 2008 - 03:59 PM

I'm hoping for the rush into buying to start real soon. We closed today below the 20 day MA on the indicies. Until the indicies move above the 20-day MA we will not have a large upswing. Market Breadth has been screaming consolidation, I feel we will burst above the 20-day MA on the major indicies soon, since consolidation usually only last for 1 - 3 days. Today was day 2...... Good Luck All.....

#8 humble1

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Posted 30 October 2008 - 11:36 PM

qqqq: good info on the consolidation usual time span. i'll have toadd that to my tape reading tools. thanks and regards, H1