I don't like it.
Just a hunch.
Denleo
Short-term
Started by
denleo
, Oct 10 2007 11:50 PM
6 replies to this topic
#2
ed rader
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Posted 11 October 2007 - 12:02 AM
I don't like it.
Just a hunch.
Denleo
is it all the high fivin' and......................
...that has you concerned
?ed rader
#3
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 11 October 2007 - 05:03 AM
darn...come on!! You can't give me a "no risk" and then take it back!! Not fare!! 
#4
ogm
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Posted 11 October 2007 - 06:07 AM
I don't like it.
Just a hunch.
Denleo
Fear of heights. I have it to, but......
I say, stay with it while its working. the word of the day is MOMENTUM. Watch the futures break out to new highs overnight.
So far every attempt to countertrend trade this has failed miserably. This wasn't a 2 directional market. This was a one directional market. And the one with amazing momentum at that.
Retailers will be posting numbers this morning, and they may be "better then expected". That will fuel another squeeze. Still plenty of underinvested fund managers out there who are forced to chase this.
This may reverse soon, or from much higher levels. If you're already in it, you'll win either way. You'll know when the trend is damaged. Market will have a different feel to it.
So far its MOMENTUM. Here is a theme song for you...
#5
relax
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Posted 11 October 2007 - 06:36 AM
focus on economic data and reports will not crash this market
IMO inflation data on friday and next wednesday has the potential to cause a mini crash
otherwise i would not expect anything bigger than 2-3 per cent in october
#6
NAV
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Posted 11 October 2007 - 06:38 AM
I say, stay with it while its working. the word of the day is MOMENTUM. Watch the futures break out to new highs overnight.
Retailers will be posting numbers this morning, and they may be "better then expected". That will fuel another squeeze.
By the time you had posted this, the futures (es and nq) had already broken to new highs.
BTW, "Retail sales" number is tommorow.
Still plenty of underinvested fund managers out there who are forced to chase this.
Is this based on any facts ?
Edited by NAV, 11 October 2007 - 06:41 AM.
#7
ogm
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Posted 11 October 2007 - 06:54 AM
I say, stay with it while its working. the word of the day is MOMENTUM. Watch the futures break out to new highs overnight.
Retailers will be posting numbers this morning, and they may be "better then expected". That will fuel another squeeze.
By the time you had posted this, the futures (es and nq) had already broken to new highs.
BTW, "Retail sales" number is tommorow.
Still plenty of underinvested fund managers out there who are forced to chase this.
Is this based on any facts ?
A hunch
