After this pop, I think there could be a sell off. Just got to watch it.
Edited by Tor, 03 May 2007 - 07:42 AM.
to da moooooooooooooon
Started by
Tor
, May 03 2007 07:35 AM
7 replies to this topic
#1
Tor
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Posted 03 May 2007 - 07:35 AM
Very bullish. Wish i hadnt closed my long yesterday. look to go back in today...........for 1515 SPX minimum.
Firm gains across the major US equity averages on Wednesday as markets
continue to ignore the bullish momentum fatigue. Another new record high for the
Dow as the market quickly built on the move above 13000 to nudge 13250. The
DJIA only had three down days in the 20 trading days of April, underscoring the
resilience of the average. In general, we expect some hesitancy today ahead of
tomorrow’s report, but even a setback post release would be viewed as a
technical positive.
good luck everyone.
After this pop, I think there could be a sell off. Just got to watch it.
After this pop, I think there could be a sell off. Just got to watch it.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
skott
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Posted 03 May 2007 - 09:23 AM
I just took out a third mortgage on my big screen tv to go more long! let's go dow 20k
my garbage man gave me a tip he got from a guy in china who just opened a brokerage account over there.
#3
fib_1618
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Posted 03 May 2007 - 12:53 PM
That's the American spirit!I just took out a third mortgage on my big screen tv to go more long! let's go dow 20k
Pssst...what was the tip? No one is reading this thread...we'll keep it between you and me.my garbage man gave me a tip he got from a guy in china who just opened a brokerage account over there.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Tor
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Posted 03 May 2007 - 03:54 PM
I just took out a third mortgage on my big screen tv to go more long! let's go dow 20k
my garbage man gave me a tip he got from a guy in china who just opened a brokerage account over there.
Skott, right here I am just trading the price.This is an emotionallly driven market IMO.
I have a view, bubblemania in china. Who knows where it will end.In 1987 the market went up in a parabolaba before the muzik stopped, and 2007 may be the same, 20 years on.
The info is background and I find amazing,so too I find the shorting interest here. truly amazing.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#5
fib_1618
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Posted 03 May 2007 - 04:13 PM
Going by the recent market sentiment numbers, this market is anything but emotionally driven...unless you're being a contrarian.This is an emotionally driven market
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#6
Tor
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Posted 03 May 2007 - 05:21 PM
Going by the recent market sentiment numbers, this market is anything but emotionally driven...unless you're being a contrarian.This is an emotionally driven market
Fib
Sentiment is bearish. too bearish. so I guess you are right about being contrarian. but my definition is that the bears are being too emotional.
I have some stops in carefully placed, as i know this market can fall apart any time, as do all th early bears. why isnt everyone long when indices are at all time highs? fear levels are too high, and fear is emotional.
just my definition, but i think we both agree in terms of conclusions. all the best.
I will short this markt on confirmation if i get a chance.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#7
raleigh
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Posted 03 May 2007 - 05:31 PM
My Chinese garbageman says buy FXI.
#8
spielchekr
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Posted 03 May 2007 - 07:13 PM
I wonder if bloggers have discovered the Point of Recognition.
Edited by spielchekr, 03 May 2007 - 07:18 PM.
