SPx may be at high for today.
adding shorts here.
Started by
nimblebear
, Mar 19 2007 11:32 AM
16 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 19 March 2007 - 11:32 AM
OTIS.
#2
HiFiGuy
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Posted 19 March 2007 - 11:32 AM
SPx may be at high for today.
i'm with you...
"A state of war only serves as an excuse for domestic tyranny." - Aleksandr Solzhenitsyn
http://www.trueworldhistory.info/
http://www.trueworldhistory.info/
#3
Russ
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Posted 19 March 2007 - 11:54 AM
ditto
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
da_cheif
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Posted 19 March 2007 - 11:57 AM
u all feel lucky???....well do ya???...go ahead.....make my day.....snort
#5
KCScott
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Posted 19 March 2007 - 12:05 PM
u all feel lucky???....well do ya???...go ahead.....make my day.....snort
Would you please clarify?
Unless I'm totally missing something, the Fed will announce that inflation remains a concern and a rate cut will not be forthcoming in the foreseeable future?
You anticipate a positive reaction to this?
Thanks,
Scott
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/
#6
da_cheif
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Posted 19 March 2007 - 12:10 PM
none of that has anything to do with the stock market......you want to worry about something?...worry about DEFLATION......the market is in the early stages of discounting a world wide inflationary economic boom of unparalleled proportions.......watch the sky....
#7
muppet
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Posted 19 March 2007 - 12:11 PM
Small short with tight stop. Looks reasonable. Soon see.
M.
#8
HiFiGuy
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Posted 19 March 2007 - 12:20 PM
retest of 1403 under way.. lets see if it holds...
"A state of war only serves as an excuse for domestic tyranny." - Aleksandr Solzhenitsyn
http://www.trueworldhistory.info/
http://www.trueworldhistory.info/
#9
KCScott
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Posted 19 March 2007 - 12:31 PM
none of that has anything to do with the stock market......you want to worry about something?...worry about DEFLATION......the market is in the early stages of discounting a world wide inflationary economic boom of unparalleled proportions.......watch the sky....
Don,
Thanks for your response.
I agree longer term there is a global uptrend from the developing nations.
Although IT I believe there is still considerable downside risk in US markets and abroad.
What is your forecasted bottom for the SPX and Naz? - or have we already seen it?
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/
#10
da_cheif
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Posted 19 March 2007 - 01:00 PM
spx bottomed on a closing basis on march 5......that was it imho....since most have a bad habit of overplaying their bearish hands even in the face of technical evidence that supports the opposite it seems risky to ignore the fibonacci target of 1473 that was given by my EW analysis on this board many moons ago.......added to my 1095 long at 1383......
Edited by da_cheif, 19 March 2007 - 01:01 PM.
