4 replies to this topic

[2cents]

It's much easier to believe a blow off. The internals have been deteriating and new highs on such low volume would tell me that there's little interest from institutions. Many companies that have reported have beaten estimates and yet the stocks have fallen. This could be the mood of the market is changing with risk tolerances coming down a little. Money supply is holding firm but this is due to the dollar breaking to new lows. It's an extremely risky market at these levels. There's little doubt we are going to have a NDX high test today. Lets see what happens from there. The DOW should get close to 13000 but the DOW is all fluff and meaningless to me. If gold breaks 700 then 725 will happen very quick. I'd be watching copper as well. Breaking upthrough 350 is a sign.

[partimer1]

Hi 2cents, I hope that I am not mistaken and you are the same 2cents from CS board. I agree with your view on the market. Overall this is quite successful week for OE. I set up for this type of run last month, and it ran in opposite direction. I didn't play this week's run cuz I was out of town, and missed the low to get in. next week will be a different story, and it can change on a flip of coin. Today is a Bradley day also. Good to see your posts here. P

Edited by partimer1, 20 April 2007 - 09:53 AM.

[gti_99]

Hi, can you point the link to the CS Board? Thanks.

[partimer1]

Hi, can you point the link to the CS Board? Thanks.

Clearstation.com

CS board frequently deletes people's posts, and 2cents's posts were gone. I was wondering where he went, and I found him here. Hopefully this is the same 2cents. He is good trader.

P

[gti_99]

Hi, Partimer1, thanks. Yes, I agree with you that 2cents is a very good trader. He seems to be able to catch the right stock to short at the right time, many times, even all along this bull market. Just amazing. Thanks.