OMG ! The Bears where right !
#1
Posted 19 October 2007 - 03:58 PM
#2
Posted 19 October 2007 - 04:06 PM
Just reflecting on the xcitement on the board
A lot of stops went off today. Now I'm sitting on a lot of cash.
A lot more cash then the previous time the world was ending
Some charts do look sppoky. But we have another rate cut coming up in a week or so. So we'll probably rally into that one.
Looking for stuff in uptrends to buy on this dip.
were you stopped out of SNDSK? VIRL lost 4 cents today on half volume .
ed rader
Edited by ed rader, 19 October 2007 - 04:07 PM.
#3
Posted 19 October 2007 - 04:09 PM
#4
Posted 19 October 2007 - 04:17 PM
#5
Posted 19 October 2007 - 04:27 PM
Will go charting this weekend....
http://stockcharts.com/c-sc/sc?s=$HGX&p=D&yr=5&mn=5&dy=0&i=p16900529626&a=90039873&r=9895.png
The more I stare at this....the more I like it...
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=6675.png
#6
Posted 19 October 2007 - 05:02 PM
#7
Posted 19 October 2007 - 06:01 PM
Just reflecting on the xcitement on the board
A lot of stops went off today. Now I'm sitting on a lot of cash.
A lot more cash then the previous time the world was ending
Some charts do look sppoky. But we have another rate cut coming up in a week or so. So we'll probably rally into that one.
Looking for stuff in uptrends to buy on this dip.
Yeah, and Mr. irrational exuberance was wrong.
#8
Posted 19 October 2007 - 06:42 PM
bears WERE right.
now it is over is what I hear you saying.
NYA closed just below the 50day ema.
SPX closed well below the 50day ema, and outside the daily lower BB
We're certainly oversold, but I don't know if its over or not.
This was a whole confluence of events today. OPEX, 1987 aniversary, general fear over earnings and the end of the world and so on. Unfortunately today did a lot of technical damage to my indicators. So I'm neutral.
Either way.. there are too many influences that are pulling different sectors in different directions, so I'm not trading indexes, since general trend in indexes is pretty confusing here. Except for the Naz.
I'm just going to trade individual stocks like I've been doing for the past few month and not care about indexes too much, because of these multiple influences.