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I think I'm cursed

Started by Tor , Apr 30 2007 02:09 PM

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6 replies to this topic

#1 Tor

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Posted 30 April 2007 - 02:09 PM

Well only a little bit now. I think we will see higher highs intothe summer, and see how this so called "correction" unfolds.

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The future is 90% present and 10% vision.

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#2 da_cheif

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Posted 30 April 2007 - 02:36 PM

Well only a little bit now. I think we will see higher highs intothe summer, and see how this so called "correction" unfolds.

this isnt u isit......or isit a bear blogger...... :lol:

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#3 Cirrus

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Posted 30 April 2007 - 02:36 PM

It's a buy/short the stops market. Buying support/bull stops and shorting resistance/bear stops has been a decent strategy. There just isn't any real strong momentum. When the market does get hit it's over so fast the bears can't get short. Most big money TA shorting doesn't try and pick tops. In May the decline was over so fast bears simply couldn't profit. Traders have really been 'retrained' over the past 4 years. This is why I expect a 1998 or 1987 style correction around the corner. The ST liquidity starvation has to be ST so as to not do big damage to the economy but sharp enough to collapse commodities and allow Fed to lower rates and cushion the housing market. The XAU decline is all telling as I posted earlier. The market has regularly done poorly with the XAU declining despite a high Gold/XAU ratio.

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#4 Tor

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Posted 30 April 2007 - 02:55 PM

Well only a little bit now. I think we will see higher highs intothe summer, and see how this so called "correction" unfolds.

this isnt u isit......or isit a bear blogger......

Feels like that sometimes but my chinese/japanese or whatever it is, isnt that good. Closed my shorts before, sitting flat, watching this correction if it is one. Strangely I found an indicator which suggested the market is going to do an orderly ABC down, target around the 1440 area/zone. So I am watching to see if it happens according to forecast....so stress free........am very bullish into H2 for higher highs. The stuff I see is very bullish indeed in that regard.

Edited by Tor, 30 April 2007 - 02:59 PM.

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#5 Russ

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Posted 30 April 2007 - 03:04 PM

this isnt u isit......or isit a bear blogger......

Today it must be the bull bloggers.

"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

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