we avoided a black monday senario. If you look at the NASDAQ A/D you might not think so. We may have just delayed it a day. The bounce never had any momentum, just a little support from the Fed. But the Fed's hands are tied with the USD hanging on by a thread it's tought to get the printing press rolling. Big volume going one way says it all.
Those tricky sucker rallies
Started by
2cents
, Mar 05 2007 03:47 PM
3 replies to this topic
#1
2cents
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Posted 05 March 2007 - 03:47 PM
My opinion isn't worth the HTML it's written on
#2
tommyt
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Posted 05 March 2007 - 03:53 PM
GS showing no support, maybe the PPT is buying and can't stop it.
#3
2cents
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Posted 05 March 2007 - 03:55 PM
GS showing no support, maybe the PPT is buying and can't stop it.
I think they bought earlier but the selling trend is too strong right now. It's throwing away money trying to stop this.
My opinion isn't worth the HTML it's written on
#4
SandStorm
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Posted 05 March 2007 - 04:32 PM
You can't stop a charging elephant with a pistol.
Counter-trend trading is dangerous in this kind of market even for PPT.
