markets can go higher - my thoughts
#1
Posted 30 October 2007 - 03:45 PM
It's the illiquidity, stupid !
#2
Posted 30 October 2007 - 04:00 PM
#3
Posted 30 October 2007 - 04:53 PM
I'm sure you're applying some kind of reverse psychology here, bercause not fopr a second I beleive that you're even remotely bullish
Civil war in California, my a$$
But that reminds me... time to short some gold.
Thatnks for the reminder
I do not think SPX going to 1600 this week will prevent civil war in California.....all depends on the time frame that you are trading.
It's the illiquidity, stupid !
#4
Posted 30 October 2007 - 04:56 PM
Here are my thoughts. I see everything that the other bears are seeing. The internals are weak, banks and brokers collapsing, AAPL, GOOG and other leaders are extremely overbought, SOX breaking down, but thats what every bear around the world sees. Before going down, the market needs to shake them out. Here is the master plan:
1. Next IT decline in SPX will be on rising dollar. Dollar is ready to put in a bottom. Sentimentwise, everyone in the world now thinks dollar will be trashed.
2. Before dollar puts a high-order bottom, it needs to have a large down day. We have not seen that yet.
3. That decline in dollar will push SPX up to 1620.
With that 1,2,3 punch, every bear will figure out that dollar is going to 0 and SPX to infinity. They will decide to stay out of this madness called shorting, and decide to buy gold, oil, etc. instead.
Which sectors will take SPX to 1620? Banks, brokers, SOX and REITs, the ones which are oversold. Tech will lag in this round.
So hail CFC, our new leader
i agree with your assesment on the mkt but it wont be led by the laggers...it will continue to be lead by the five ndx stocks and metals...
#5
Posted 30 October 2007 - 05:11 PM
johngeorge
#6
Posted 30 October 2007 - 06:42 PM
Edited by da_cheif, 30 October 2007 - 06:42 PM.
#7
Posted 30 October 2007 - 07:15 PM
if he.s joking then the jokes on him.....if not then its all part of the predicted recognition wave.......(~)^(~)
chief, I am honored to have you comment on my thread
It's the illiquidity, stupid !
#8
Posted 30 October 2007 - 07:54 PM
if he.s joking then the jokes on him.....if not then its all part of the predicted recognition wave.......(~)^(~)
He sure is , Cheif. Unfortunately unwashed have no clue what he is taking about. Too many are speaking in parables --- maybe its a sign, or maybe not. At least with you, one knows where you stand, so there is very little confusion and disinformation being created.
#9
Posted 30 October 2007 - 08:21 PM
#10
Posted 30 October 2007 - 09:23 PM