4 replies to this topic

[A-ha]

i was likely wrong by taking profit on my previous positions... just following the market as it broke out

[arbman]

The market didn't have a V-shaped recovery for a while, a lot of people are betting on a second dip actually, not that they are really bearish. Perhaps not this time...

[A-ha]

nicely loaded around 1478...

http://xtrends.blogs.../08/gap-up.html

gonna gap up above the TL... i think we will get the next swing top after the fed

somewhere around late Wed next week

[arbman]

I would welcome a small gap down, the market probably needs a little more fuel and get rid of these last minute longs. The job report might be perceived inflationary [1, 2]

(of course it won't happen)

[arbman]

a lot of people are betting on a second dip actually, not that they are really bearish.

Actually to prove my point; I went to yahoo message boards and searched for the word "bottom" in the category stocks A-Z;

July 31: ~1000
Aug 1: ~1400
Aug 2: ~18500!

In the ETF A-Z category, the word bottom occured about 64, 72, 130 times over the past 3 days. I also did the same thing for the bullish vs bearish words and got about twice as much bullish word occurances today. It was lower a few days ago. So, people know what's going on, the moment the sharp rally starts --possibly tomorrow, they will buy with both arms and this will most likely kill the rally in a few days, but perhaps substantially higher than here...

If the market gaps up tomorrow, the opening equity P/C will be very much telling...

- kisa

Edited by kisacik, 03 August 2007 - 01:02 AM.