We've had an entire week of dip buying by da bulls.
I think they're almost out of money. They've been adding on every drop with mantras like:
"this is a W pattern breakout"
"there's no risk"
"retest of breakout is bullish"
"buying opportunity of the century"
I just look at lower lows and lower highs. Window dressing is almost over.
Soon fear will take over again, and the real buying opportunity of a lifetime will present itself.
We are soon approaching a point where
Started by
dcengr
, Mar 30 2007 02:59 PM
20 replies to this topic
#1
dcengr
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Posted 30 March 2007 - 02:59 PM
Qui custodiet ipsos custodes?
#2
skott
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Posted 30 March 2007 - 03:03 PM
what kind of opportunity and when do you see it Den? I'm thinking 20% down over about 2 months but ultimate low and bottom may be in Sept 07
#3
denleo
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Posted 30 March 2007 - 03:03 PM
Maybe there will be no more dips.
Denleo
#4
dcengr
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Posted 30 March 2007 - 03:09 PM
what kind of opportunity and when do you see it Den? I'm thinking 20% down over about 2 months but ultimate low and bottom may be in Sept 07
I don't see anything that low. We may hit Dow 11,800 before it bounces like a bat out of hell.
Qui custodiet ipsos custodes?
#5
The End
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Posted 30 March 2007 - 03:14 PM
Maybe there will be no more dips.
Denleo
You are one whacky fellow. I want what you and Wolly are smokin'.
Good luck.
NONE of what I type should be taken as financial advice.
#7
dcengr
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Posted 30 March 2007 - 03:18 PM
why so optimistic?
Because COT is showing bearishness up the @ss. It can't drop a whole lot more than that, if even that.
I think we're still in wave A, the more I look at it. Wave B will start soon, and that will look quite impulsive and last far longer.
Qui custodiet ipsos custodes?
#8
The End
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Posted 30 March 2007 - 03:18 PM
why so optimistic?
Because somebody has to take the other side of the trade.
NONE of what I type should be taken as financial advice.
#9
Mr Dev
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Posted 30 March 2007 - 03:28 PM
Once again, any knife drop needs to be bought, it is extremely bullish
If you see the tape drop off the cliff, BUY IT.
Ahh guys don't turn bearish on me now....
there are still lots and lots of stocks out there to ...
..BuY, BuY BuY !!
Edited by Mr Dev, 30 March 2007 - 03:33 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#10
ed rader
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Posted 30 March 2007 - 04:29 PM
why so optimistic?
after being wrong for so long you either disappear or temper you bearishness with bullish arguments...i.e., even the bears are bullish. saltlake said the other day that he's never seen the board so bullish and he has a point.
i'm in xd's camp: i think when the downside does come it will be similar to 2000 in duration but maybe not depth. of course i've been early in that belief but i've also been able to make a little money nonetheless.
ed rader
