2 replies to this topic

[flyers&divers]

I do not remember the board being at such a standoff in terms of opinions. Just look at the daily poll. And everyone is right of course because it is not unreasonable to expect a pullback, but, all sort of bad news is already in the market and it does not seem to budge. The longer it stays in this narrow range the stronger it is. I would be nervous either way if I had a position. In the meantime edgy traders had plenty of time to even up or initiate new positions in the futures ON but I don't see unusual activity. For the first time ever I got the notion that some big money interests will decite which way to yank the market and the smaller players just have to react depending on their existing positions. Regards, F&D

[89S10]

Actually, recent extravagant product claims bring to mind The Music Man (Robert Preston was great) or The Emperor's New Clothes, as well as Rogerdodger's spot-on tagline from Simon and Garfunkel.

And don't forget You Never Can Tell, by George Bernard Shaw.

Edited by 89S10, 26 March 2007 - 08:15 AM.

[Cirrus]

Agree with you....I'm nervous about my longs and my shorts. I think there is plenty of liquidity on the sidelines (hot money for the most part). That's why I'm buying the best weekly charts--starting with sectors to pick stocks. I'm also shorting the worst ones starting with sectors. I'm trying to enter any shorts I pick after some sort of short covering rally if possible. It's a tricky market out there...