Froth?
#11
Posted 28 September 2007 - 10:33 AM
#12
Posted 28 September 2007 - 10:40 AM
#13
Posted 28 September 2007 - 10:42 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
#14
Posted 28 September 2007 - 11:18 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
Right....and the winner wears the TT crown for a minute or two.
Edited by Teaparty, 28 September 2007 - 11:19 AM.
#15
Posted 28 September 2007 - 11:24 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
Right....and the winner wears the TT crown for a minute or two.
I prefer cash. You keep the crown
#16
Posted 28 September 2007 - 12:37 PM
#17
Posted 28 September 2007 - 02:02 PM
I think there is some excess bullish views and positions around...
Today, being the last day of the week, month and quarter, is an important day for the market to show us whether it is or was willing to push through the long term resistence zones.
Today is the day where the big brokers are or were supposed to support the market.
But I saw nothing but selling into strength for 2 weeks.
Combined with the speculation, I am not happy with this market at the moment.
- kisa
Being the end of a quarter trading day not sure you can read anything into today's action. Something like 11 of the past 12 end of the quarter trading days have been down. And then in most cases that was followed by an up day the beginning of the new quarter. Admittedly though, I too am seeing a lot less aversion to risk and if this trend continues we could see some ugliness sometime in the fabled month of October.
#18
Posted 28 September 2007 - 02:21 PM
Edited by kisacik, 28 September 2007 - 02:12 PM.