8 replies to this topic

[relax]

says we have more to go on the downside and more or less everybody thinks fed will deliver the goods on wednesday seldom have I seen everybody agree this much haven't seen a post saying we test 1.555 again (would be surprised if that does not happen, at least 1.540) btw miss da cheif and larry t

[Rogerdodger]

From: da_cheif (don wolanchuk)
To: ALL
Date Posted: July 31, 2007 at 16:01:37
Subject: so much for the 2nd wave.....clx is setting up for a big reversal tomorrow after 1438 is reached

[relax]

Timing was off but maybe that didn't matter people including yourself rodger are putting some great arguments forward for lower prices, just as great arguments were put forward early lasy week that we had found a bottom always find the moon argument interesting - it is 3/4 moon today, right? also, the dow led on the way up and still hasn't broken low or the daily trend - but i guess we will be wiser tomorrow when futures try and fool us again i am thinking that we definitely see another move down tomorrow, but there should be good support at the Dow low (around 13.130) - not sure about the exact figure

[ogm]

Looks to me like the whole board is talking end of the world here...... Look at semi for example.. 5 days ago at the high, he was supper bullish. Semiconductors to the moon, everything to the moon, and now the guy is posting one crash post after another. How sentiment changes so fast ..

Edited by ogm, 05 August 2007 - 03:59 PM.

[Jnavin]

From: da_cheif (don wolanchuk)
To: ALL
Date Posted: July 31, 2007 at 16:01:37
Subject: so much for the 2nd wave.....clx is setting up for a big reversal tomorrow after 1438 is reached

I.e.: at the open.

[OEXCHAOS]

Looks like selling in GLOBEX now.

[pdx5]

Looks to me like the whole board is talking end of the world here......

Look at semi for example.. 5 days ago at the high, he was supper bullish. Semiconductors to the moon, everything to the moon, and now the guy is posting one crash post after another. How sentiment changes so fast ..

By no means it is the end of the world. We just have a sick patient who needs
to get an enema (HHH as my nurse wife used to say and that stands for High,
Hot and a Hell of a lot) and the patient is gonna feel much better after all the
nasty stuff comes out

And I am making a firm prediction....THERE WILL BE NO 1987 STYLE CRASH!
That was like a massive heart attack. Instead all we will have is a 15% correction
over the next couple of months (from the recent high's).

Edited by pdx5, 05 August 2007 - 06:08 PM.

[OEXCHAOS]

That's one nasty ETF!

[Rogerdodger]

relax dk: I wouldn't hang my hopes on the moon.
But it has been interesting lately. However I can find some big "inversions" where 3/4 moons were tops..
Futures: