13 replies to this topic

[flyers&divers]

Okay the number of Bears, chances of a big crash like 15% is close to zilch.

Barry

Please do not forget that we (people on this board and swingers in general) are but a flee on the back of the elephant. Trends, once they turn, are fed by persistent buying or liquidation by people who control megabillions.

I ask you, do our opinions on this board compare to the influence of PIMCO or Fidelity? Of course not.

F&D

[Jnavin]

Good point, f&d, but PIMCO and Fidelity might be on the board...

[flyers&divers]

Possible, of course. F&D

[qqqqtrdr]

Okay the number of Bears, chances of a big crash like 15% is close to zilch.

Barry

Please do not forget that we (people on this board and swingers in general) are but a flee on the back of the elephant. Trends, once they turn, are fed by persistent buying or liquidation by people who control megabillions.

I ask you, do our opinions on this board compare to the influence of PIMCO or Fidelity? Of course not.

F&D

I agree with you there. I'm trying to look at the market as a whole. I feel that 95% of trading is done by the select few and not from individual traders. However, with that in mine, I feel that they will get money however they can on the short or long side. The trick would be to view underlying statistics of the market to see in general which way the trend is going.

My trend indicators are all pointing lower. However a solid day today ( Tuesday ) will start to put a dent in the trend. We'll see which way it goes........

Barry