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what a day for the bulls


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#1 andr99

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Posted 10 November 2022 - 04:05 PM

these surges are most often linked to short covering otherwise they couldn't be so violent, but hey it's a damnation day for bearish position holders


forever and only a V-E-N-E-T-K-E-N - langbard


#2 linrom1

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Posted 10 November 2022 - 04:35 PM

these surges are most often linked to short covering otherwise they couldn't be so violent, but hey it's a damnation day for bearish position holders

Yes, but, FED along with other central banks was definitely in the markets today.



#3 slupert

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Posted 10 November 2022 - 04:48 PM

Hail the conquering hero!!



#4 andr99

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Posted 11 November 2022 - 06:43 AM

obviously the short covering is just a part, the other is genuine new long positions.......hail the bull, may it bring us to new ATH in Spring, for the dow  


Edited by andr99, 11 November 2022 - 06:45 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#5 andr99

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Posted 11 November 2022 - 07:08 AM

may it take us to new ATH......suddenly my memory got to the forgotten difference between verbs to take and to bring 


Edited by andr99, 11 November 2022 - 07:10 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#6 qqqqtrdr

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Posted 11 November 2022 - 11:00 AM

It was enough to scare the bears out of their positions.   My Rydex Ratio and Put/Call indicators which were Bullish and starting to lean Bullish went back to neutral after yesterday.   So now I am in position where the analysis for medium term direction and short term direction are neutral..    I guess a bull position is leaning until short term indicators become overbought ( short term are 3 or 5 day horizon ) in my case.



#7 12SPX

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Posted 11 November 2022 - 11:08 AM

Curious when your thinking ath andr?  I've agreed about a grinding rally to year end,,,,, ath's though not a chance or even next year in my view.  We may touch them but were gonna be sideways for a looooong time. 



#8 gm_general

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Posted 11 November 2022 - 11:27 AM

CPI is not down, it is actually up if not for the BLS making an annual adjustment that reduced the cost of health insurance which is actually up 20% Y-O-Y. So as long as they add more hedonic nonsense you are good.



#9 andr99

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Posted 11 November 2022 - 12:24 PM

ATH for the dow in Spring


forever and only a V-E-N-E-T-K-E-N - langbard


#10 pdx5

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Posted 11 November 2022 - 12:48 PM

I saw reports that cost of heating this winter in Europe will be 90% higher than last year.

Does that mean freezing Europeans will be selling stocks to buy fossil fuels to stay warm?


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