Added a couple positions but I don't trust adding new long Index money here.
Indicators are overdone. Looking to buy late Tuesday possibly.
I don't trust it with new money
Started by
CLK
, Jun 01 2007 03:08 PM
3 replies to this topic
#2
da_cheif
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Posted 01 June 2007 - 08:20 PM
Added a couple positions but I don't trust adding new long Index money here.
Indicators are overdone. Looking to buy late Tuesday possibly.
theres an army out there trapped in the same position........they dont trust it......
#3
thespookyone
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- Traders-Talk User
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Posted 02 June 2007 - 10:25 PM
Added a couple positions but I don't trust adding new long Index money here.
Indicators are overdone. Looking to buy late Tuesday possibly.
theres an army out there trapped in the same position........they dont trust it......
Well put.
#4
arbman
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Posted 03 June 2007 - 01:53 PM
The problem is this new money has been distributed into, the volume was heavy on Thursday and the price didn't go anywhere. what will happen after the early month strength gets depleted? it probably did...
Early June is usually not a good month for a big correction to begin usually, the market just came out of an adjustment anyway, so I expect a week or two more strength before significantly pulling back, but then there is also the end of the quarter coming up. It is going to be volatile probably...
Hard to keep any large bearish core position right now, but then July is usually one of the weakest months...
