fwiw: i see no weakness at all in this market

today's slightly lower close, with all the anxiety about higher this and that, is really a positive if you consider the background nervousness. there is no reason for the bulls to worry: something very strong is pushing this market up. or maybe it is a magnet pulling it up - a date, an AstroMagnet, whatever you want to call it. this market has a date with destiny and that date is much higher. don't you see what is happening? all over the www and the chat sites folks are stunned. they are playing the left side of their charts. they are talking about plunges: we have already had the plunge! why be bearish now after a 47% decline!?!

Edited by humble1, 03 November 2008 - 06:08 PM.

today's slightly lower close, with all the anxiety about higher this and that, is really a positive if you consider the background nervousness. there is no reason for the bulls to worry: something very strong is pushing this market up. or maybe it is a magnet pulling it up - a date, an AstroMagnet, whatever you want to call it. this market has a date with destiny and that date is much higher.

don't you see what is happening? all over the www and the chat sites folks are stunned. they are playing the left side of their charts. they are talking about plunges: we have already had the plunge! why be bearish now after a 47% decline!?!

my hero :......watchin the sky ....never thought id be seein the day..........thats ok tho.......u da man

today's slightly lower close, with all the anxiety about higher this and that, is really a positive if you consider the background nervousness. there is no reason for the bulls to worry: something very strong is pushing this market up. or maybe it is a magnet pulling it up - a date, an AstroMagnet, whatever you want to call it. this market has a date with destiny and that date is much higher.

don't you see what is happening? all over the www and the chat sites folks are stunned. they are playing the left side of their charts. they are talking about plunges: we have already had the plunge! why be bearish now after a 47% decline!?!

my hero :......watchin the sky ....never thought id be seein the day..........thats ok tho.......u da man

what about:

1) new home prices that are still going down
2) deflation
3) 30 year home loan rates going up
4) us auto makers with no product to bring to the market
5) trillions in credit swaps that still need to unravel
6) jobless claims up
7) factory orders down


are these non issues ?

today's slightly lower close, with all the anxiety about higher this and that, is really a positive if you consider the background nervousness. there is no reason for the bulls to worry: something very strong is pushing this market up. or maybe it is a magnet pulling it up - a date, an AstroMagnet, whatever you want to call it. this market has a date with destiny and that date is much higher.

don't you see what is happening? all over the www and the chat sites folks are stunned. they are playing the left side of their charts. they are talking about plunges: we have already had the plunge! why be bearish now after a 47% decline!?!

my hero :......watchin the sky ....never thought id be seein the day..........thats ok tho.......u da man

what about:

1) new home prices that are still going down
2) deflation
3) 30 year home loan rates going up
4) us auto makers with no product to bring to the market
5) trillions in credit swaps that still need to unravel
6) jobless claims up
7) factory orders down


are these non issues ?

its allways that way at a bottom......you know.......911.....savings and loan collapse.....asian collapse........all the bad new doesnt come out at the top!!!.....comes out at the bottom ......the deadly combination of quickly falling stock prices alibied by bad news is where the smart money cashes in their short chips and sucks up stock by the bushells from all those that just had their pockets picked....just like 87...74...98....90 ....2002......

Humble, just take a bit of a hedge for a few days.