Folks, I'm serious. This is the real deal. Very nasty setup in the market and internals. Don't f-ck around with it.
No, this isn't the crash call. But you don't know how bad it can get here.
Take this decline seriously.
Started by
ogm
, Nov 05 2007 02:25 PM
7 replies to this topic
#2
atlasshrugged
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Posted 05 November 2007 - 02:34 PM
Folks, I'm serious. This is the real deal. Very nasty setup in the market and internals. Don't f-ck around with it.
No, this isn't the crash call. But you don't know how bad it can get here.
yep!
the set up looks similar to the three day -mid august capitualtion that took the mkt down huge!
whether it bounces or not from much lower levels ....we will see when we cross that bridge
#3
eminimee
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I don't care who's fur is flying...
Posted 05 November 2007 - 02:37 PM
Dennis, Nav and I .........
....
....
#4
isaac613
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Posted 05 November 2007 - 02:37 PM
Another note to add about ^ndx today, it is down more than the naz. First time thats happened in a while.
#5
ogm
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Posted 05 November 2007 - 02:39 PM
Remember... the gloves are coming off.
Trading curbs and short selling rules.
#6
SandStorm
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Posted 05 November 2007 - 03:02 PM
amzn is a short.
goog still long.
aapl & rimm neutral.
We're getting there.
#7
NAV
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Posted 05 November 2007 - 03:48 PM
Folks, I'm serious. This is the real deal. Very nasty setup in the market and internals. Don't f-ck around with it.
No, this isn't the crash call. But you don't know how bad it can get here.
Thanks for the timely warning
#8
ogm
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Posted 05 November 2007 - 04:08 PM
Folks, I'm serious. This is the real deal. Very nasty setup in the market and internals. Don't f-ck around with it.
No, this isn't the crash call. But you don't know how bad it can get here.
Thanks for the timely warning
NAV.... I'll repeat it. Take this decline seriously. You're trading against a very strong trend. Congratulations that you scalped a few bucks. But The market is coming off and strongly. One of these bounces will not materialize.
Did you like how the market closed ? at the lowest point since the Fed ?
The trend is down and I'm staying with the trend. Surprizes will be on the downside.
Remember when the market was going up and and everyone tried to short the uptrend in search of a pullback ? And it never came on the Nasdaq ?
People are doing the same thing again. Catching a bottom.
And the setup is completely the opposite of that uptrend.
