"Give me a correction and i will buy with both my hands". There were so many anxiety stricken bulls at the top, when a few of us were bearish. Now here's the correction you were looking for. Here's your opportunity. Anxious again ? - of a crash ??? LOL !
Most commonly heard phrase at the tops
Started by
NAV
, Oct 19 2007 10:01 AM
9 replies to this topic
#2
ken29
-
- Traders-Talk User
- 376 posts
Member
Posted 19 October 2007 - 10:26 AM
NAV,
Since your weekly will most likely goes to a sell today, is this an IT move down like the one we saw in July?
#3
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 19 October 2007 - 10:35 AM
If NQ takes out 2146..its a weekly key reversal.....
Dow has taken out its previous wave 4 where the ED started..oex and spx still above....but it's a warning
#4
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 19 October 2007 - 10:45 AM
NAV,
Since your weekly will most likely goes to a sell today, is this an IT move down like the one we saw in July?
I don't think so. The IT pivot at SPX 1505 should be broken on a weekly closing basis, before we start talking about IT tops. Until then, this is just a correction in an uptrend.
#5
Jnavin
-
- TT Member*
-
- 2,126 posts
Member
Posted 19 October 2007 - 10:50 AM
I am buying with both hands at 1507.
Edited by Jnavin, 19 October 2007 - 10:57 AM.
#6
milbank
-
- TT Patron+
- 4,714 posts
Member
Posted 19 October 2007 - 10:55 AM
The other most commonly heard phrase at the top is...
"Abby Joseph Cohen, chief U.S. investment strategist at Goldman, Sachs & Co.will be joining us on the show today..."
Edited by milbank, 19 October 2007 - 10:58 AM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#7
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 19 October 2007 - 10:58 AM
If i were to make a FF, today should mark the bottom of this correction 
#8
diogenes227
-
- TT Patron+
- 5,120 posts
Member
Posted 19 October 2007 - 11:44 AM
The other most commonly heard phrase at the top is...
"Abby Joseph Cohen, chief U.S. investment strategist at Goldman, Sachs & Co.will be joining us on the show today..."
I think you're right but when Abby's on vacation, I think the phrase is: "It's different this time."
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#9
atlasshrugged
-
- TT Patron+
- 4,409 posts
Member
Posted 19 October 2007 - 12:04 PM
If i were to make a FF, today should mark the bottom of this correction
excellent trading Nav!
#10
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 19 October 2007 - 01:01 PM
The word of the day on CNBC is RECESSION.
"A DOOZY of a RECESSION".
Doom and gloom as thinck as ever.
