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An amzing rally in NDX... and mistrust still raging.


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#1 ogm

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Posted 26 September 2007 - 12:27 PM

"Low volume", "Overbought", "NArrow advance" , "Buy QID !" , " Sell off any minute now"

Amazing. Simply amazing how this market is keeping the majority away.

The trend has no end in sight and not a signle tiny sign of any tradable meaningfull top. If anything its getting stronger and stronger. And no one trusts it.

People still picking tops under any excuses, instead of buying dips.


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#2 nicolasillo

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Posted 26 September 2007 - 12:34 PM

just on time :P

#3 ogm

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Posted 26 September 2007 - 12:39 PM

just on time :P


There you go again :)

#4 nicolasillo

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Posted 26 September 2007 - 12:42 PM

I like this ... lets play today :)

#5 ogm

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Posted 26 September 2007 - 12:45 PM

What does today has to do with it ? So we'll get a dip for a day or 2, everyone will get beared up again, and blown out couple days later. Very persistent bearishness.

#6 nicolasillo

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Posted 26 September 2007 - 12:47 PM

maybe..... but lets go down today and tomorrow is another day I have some one touches that I would love them to get hit....

#7 bob4

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Posted 26 September 2007 - 12:57 PM

I love this one way market....u just can't lose. I've never been so bullish!!!!!!!! BUY! BUY! BUY!!!!!!!!!!!!!!

#8 eminimee

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Posted 26 September 2007 - 01:09 PM

The only thing that bothers me about being short here....and willing to add....is that I've got so much evidence that it's almost TOO easy.

#9 pdx5

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Posted 26 September 2007 - 07:51 PM

OGM, where do you see all this bearishness? Most of the prominent traders and frequent posters on this board are BULLISH. Sentiment is bullish. Media are almost all bullish. Can you point out who exactly is bearish in the short term?
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#10 ogm

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Posted 26 September 2007 - 09:13 PM

OGM, where do you see all this bearishness?

Most of the prominent traders and frequent posters on
this board are BULLISH. Sentiment is bullish. Media are
almost all bullish.

Can you point out who exactly is bearish in the short term?



I don't know which traders are prominent, which are not :) but the polls even on this board have been bearish for many days in a row.

Heck, today again they are bearish. Take a look. 37% fully short again as I'm typing this. Has been the case since this rally has started a MONTH AGO. The market has been going up for a month already and nothing has changed. 30%+ fully short every day like clockwork.

And of course plenty bears elsewhere.

Edited by ogm, 26 September 2007 - 09:15 PM.