What is the symbol? I am not hot on its trail
BX
Yeah...
Started by
NAV
, Jun 21 2007 09:38 AM
17 replies to this topic
#11
ogm
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Posted 21 June 2007 - 10:30 AM
BX
#12
kaiser soze
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Posted 21 June 2007 - 10:39 AM
Remember BBB that the sharpest rallies occur in bear phases of the market, one of which might have started. Its meant to shake out the early bears such as myself who was stopped out of my SDS position today morning and saw a 3500 buck profit whittle away into 1000 bucks and change.
I think Naz 2600 is going to be key. If it holds, then we go to new highs but if it is breached again (and convincingly), I'll be looking to reshort.
#13
BigBadBear
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Posted 21 June 2007 - 10:49 AM
yeh okay. I'm buying
#14
jawndissedi
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Posted 21 June 2007 - 10:49 AM
BBB:
Do you have an opinion about the bond market?
Da nile is more than a river in Egypt.
#15
BigBadBear
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Posted 21 June 2007 - 10:51 AM
nope. dont trade bonds. why you think rising rates mean we r going down ?
#16
jawndissedi
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Posted 21 June 2007 - 10:57 AM
I do trade bonds, and I was interested in whether you had an opinion about sentiment which I regard as being at an extreme. Re rates and stocks: the correlation is marginal at best.nope. dont trade bonds. why you think rising rates mean we r going down ?
Da nile is more than a river in Egypt.
#17
OEXCHAOS
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Mark S. Young
Posted 21 June 2007 - 11:08 AM
nope..Its he bears who 'were' excited..lol
I bet if the DOW goes down 50pts now we will get a flurry of 'SHORT' posts
The trend is down. The Amateurs are NOT beared up. The small specs are not beared up.
This crew, if you look at their sentiment at turns tends to be right.
Best to look at the facts and context, not just facile relationships.
There's a reason why folks pay me to analyze sentiment for them. It's actually work, not just simply, "Ooo! Too many Bulls! Go short! Ooo! Too many Bears! Go long!"
Mark
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#18
NAV
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Posted 21 June 2007 - 03:02 PM
nope..Its he bears who 'were' excited..lol
I bet if the DOW goes down 50pts now we will get a flurry of 'SHORT' posts
The trend is down.
Mark
Not anymore on the NQ. Both 60-min and 120-min trend has turned up. ES is close to turning up it's 60-min. One decent sized gap-up tommorow to jump the creek, will turn it.
