5 replies to this topic

[A-ha]

We have 1.5 hours left, at the current rate, based on S&P500 intraday channel formation, S&P has a chance to close at 1380-1385 for about 70 points decline. But I do not think such thing will happen today, the first day. Regardless how short interest dropped or how buying power declined, there may still be little juice left to prevent such a historical event. So the point I want to make here is , please be careful this is a serious situation, the market is discounting something most of the traders, hedge funds and unsophisticated investors dont understand or unaware yet. Put your oscillators and short term stuff aside and think about possibilities. Unfortunately it came little bit late and started with a massive trap, but it was inevitable. I believe curbs may alter the decline rate , New York stock exchange is currently down about 230 points... as far as i know curbs kicked in 80 points ago and i still see no slow down! please be careful, especially following days. Again I think today is safe but if you see consistency going forward, i sincerely suggest you to take whatever caution necessary

Edited by xD&Cox, 27 February 2007 - 02:40 PM.

[nimblebear]

Yeah boy. FCX getting pummeled. And thats after an outperform rating given today by Credit Suisse. Gold stocks are in deep doo doo.

[wallofworry]

xd..I'm have been shorting with reckless abandon. Unsafe I know but very profitable

[A-ha]

They will get them all....as they say, " leave no stone unturned "

[greenie]

please be careful, especially following days.

Only thing that comes to my mind is 'slamma jamma'

BTW, is that slamma-jamma guy still holding PHM in his cry and hold portfolio?

[A-ha]

I actually feel sorry for him, I really do. I was angry because of the idiocity he and a few others were spreading here but now I am truly sorry for them .... for learning the things the hardest possible way that doesn't happen often in the market place. I am hoping at least they will now question some of the things they ve done