7 replies to this topic

[nimblebear]

Just an observation like the one I made the other day. Not much was said when it was going up. Everyone will be buying any dip, so I wouldn't expect this selling to last long.

[Mtrader]

Still works for far. If it ain't broke, don't fix it baby.

[Mr Dev]

It's just that now the market is making a large move ......we have people making alot of money ! Well some people. Look at it this way... ... 7 days of gains for the bulls were just compounded into the same gains in about 3hours for the bears that were in yesterday.

Edited by Mr Dev, 10 May 2007 - 01:10 PM.

[NAV]

Don't know about the posts. But i am busy counting the money

[thespookyone]

Dip buyers will not be rewarded soon, but I'm thinking when they capitulate-they add wood to the fire. PC gave an easily visible sell signal yesterday, and this is NOT a one day wonder. The RST is what it is-we head to the bottom right hand corner. Spooky

[Sentient Being]

Looking at my combo indicator I'm not seeing the panic selling yet. I had thought that if the market really turns down we might see dollars flowing into real estate, bonds, or gold. Not much sign of that either. Tends to make me think maybe we have more to go on the upside in general equities if money isn't running away yet to other markets.

Edited by Sentient Being, 10 May 2007 - 04:28 PM.

[thespookyone]

Looking at my combo indicator I'm not seeing the panic selling yet. I had thought that if the market really turns down we might see dollars flowing into real estate, bonds, or gold. Not much sign of that either. Tends to make me think maybe we have more to go on the upside in general equities if money isn't running away yet to other markets.

Traditionally, I'd say you were correct, but we have some unusual circumstances present. With the subprime problem looming. folks have certainly shown a reluctance toward real estate. With the dollar strenghtening, and about to make a nice move,imho, gold would seem unatractive. With inflation as it is, bonds are a bit touchy, as well. A check on money market inflow would probably provide the best insight here-was it available. Also, money has been leaving mutual funds at a fair level, for some time.

Spooky

[Sentient Being]

Looking at my combo indicator I'm not seeing the panic selling yet. I had thought that if the market really turns down we might see dollars flowing into real estate, bonds, or gold. Not much sign of that either. Tends to make me think maybe we have more to go on the upside in general equities if money isn't running away yet to other markets.

Traditionally, I'd say you were correct, but we have some unusual circumstances present. With the subprime problem looming. folks have certainly shown a reluctance toward real estate. With the dollar strenghtening, and about to make a nice move,imho, gold would seem unatractive. With inflation as it is, bonds are a bit touchy, as well. A check on money market inflow would probably provide the best insight here-was it available. Also, money has been leaving mutual funds at a fair level, for some time.

Spooky

I was thinking similar things about real estate and Gold/dollar. You ARE Spooky!