There was more hoopla than at the recent high. High 5's all around. Looks like its a party for Joe Blow. May suck the average investor in yet.
There doesn't seem to be much of a wall of worry here. This type of action will clean out a lot of shorts. I said several days back it was dangerous to short the market.
Now if we dropped 200 points or more tomorrow or the next day, some folks might get antzy.
News media going bonkers over todays rise !
Started by
nimblebear
, Jun 13 2007 06:36 PM
4 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 13 June 2007 - 06:36 PM
OTIS.
#2
JAP
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Posted 13 June 2007 - 07:32 PM
There was more hoopla than at the recent high. High 5's all around. Looks like its a party for Joe Blow. May suck the average investor in yet.
There doesn't seem to be much of a wall of worry here. This type of action will clean out a lot of shorts. I said several days back it was dangerous to short the market.
Now if we dropped 200 points or more tomorrow or the next day, some folks might get antzy.
Don't you think a lot of shorts were cleaned out today?
#3
nimblebear
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- Traders-Talk User
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Welcome to the Dark Side !
Posted 13 June 2007 - 07:51 PM
There was more hoopla than at the recent high. High 5's all around. Looks like its a party for Joe Blow. May suck the average investor in yet.
There doesn't seem to be much of a wall of worry here. This type of action will clean out a lot of shorts. I said several days back it was dangerous to short the market.
Now if we dropped 200 points or more tomorrow or the next day, some folks might get antzy.
Don't you think a lot of shorts were cleaned out today?
Once we eclipse 1550 on SP cash, Then I think any remaining bears will throw up their hands, and the shorters will be afraid to short anymore. The bull is long in the tooth, but ain't done yet. August would be a good time for some fireworks. 1937 now 2007 ?
OTIS.
#4
Mtrader
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Posted 13 June 2007 - 08:25 PM
some got clean out, other thing they know better. Line them up baby.
You are on your own. This is for demonstration only.
JV
JV
#5
Mr Dev
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Posted 13 June 2007 - 09:16 PM
You know,... there is so much talk about bears around here getting wiped out,,,.as if they hold long term!
Homie don't think so!
This market is being driven simply by traders playing both ways,...
... and they are probably the only ones who have made any money in the last 8 weeks of sideways movement
where the NDX has traded closer to 1900 than any other number on the charts
Homie don't think so!
This market is being driven simply by traders playing both ways,...
... and they are probably the only ones who have made any money in the last 8 weeks of sideways movement
where the NDX has traded closer to 1900 than any other number on the charts
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
