6 replies to this topic

[dcengr]

Fun starts at SPX below 1480, you all know that one. There's no panic yet that I see, its all people trying to buy the dip. But I can be wrong, but hey, thats what makes a market.

[ogm]

Fun starts at SPX below 1480, you all know that one.

There's no panic yet that I see, its all people trying to buy the dip.

But I can be wrong, but hey, thats what makes a market.

I think that will be the case on Monday.

When are the curbs coming off ? I saw curbs in yesterday.

[Pabst]

Fun starts at SPX below 1480, you all know that one.

There's no panic yet that I see, its all people trying to buy the dip.

But I can be wrong, but hey, thats what makes a market.

I think that will be the case on Monday.

When are the curbs coming off ? I saw curbs in yesterday.

It'll be Monday. We've had a plethora of weak Friday's (remember the Aug and Sept payrolls) with a sure fire ramp the following Monday. IMO you'll see bulls jump the gun by setting up long ahead of Monday. Those misguided buys today will add to the downside fuel next week.

I'm not even thinking about covering any shorts......

[dcengr]

Perhaps, but I see something today that you may not see... That is GOOG is ascending into an artificial life form today. So much wishful thinking has gone into GOOG that I believe the educational funds of many generations to come depend on GOOG continuing on to 7000. But I ain't short GOOG. And all I see is that the bulls had a chance to turn this into wave 3 up and it wasn't. So it must be a wave 3 down. So lets see if it gets impulsive again soon. So far, support is holding, but all I see is dip buying on some really crappy breadth.

[Pabst]

Perhaps, but I see something today that you may not see...

That is GOOG is ascending into an artificial life form today. So much wishful thinking has gone into GOOG that I believe the educational funds of many generations to come depend on GOOG continuing on to 7000.

But I ain't short GOOG.

And all I see is that the bulls had a chance to turn this into wave 3 up and it wasn't. So it must be a wave 3 down. So lets see if it gets impulsive again soon.

So far, support is holding, but all I see is dip buying on some really crappy breadth.

IMO the most bearish thing going forward we could see is ES close only 4 lower. We both see the window dressing in tech. Let it play out. It'll fail....

[ogm]

Yeah, the GOOG as a safeheaven trade is looking pretty silly at these levels. Even GOOG has pullbacks. But the craziest one is BIDU.

Edited by ogm, 02 November 2007 - 11:54 AM.

[DonBart]

Fun starts at SPX below 1480, you all know that one.

There's no panic yet that I see, its all people trying to buy the dip.

But I can be wrong, but hey, thats what makes a market.

Where are the $%#@^$&# curbs??!?!

HELP Somebody stop the massacre!