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What are those numbers? pivots? R1? S1? or just numbers from the air....
2bit
what is CRE? a stock? stay away from any stock that is trading below 10 dollars...
2bit
More like SPX 1075
2bit
As quoted "Unemployment is slow to come down but it will come down"
2bit
Helicopter Ben declares recession is over...
2bit
No sell signal yet...
This period is so much like the end of July whereby the volatility index kept rising but couldn't do anything to bring down the market. This is the bears' crash and burn period. This is a difficult period to trade and a high probability bear trap to the untrained. The VIX finally gave up within a few days and the market took off. Best thing to do is to hold long until the trendline is broken. SPX 1075 is in sight if the above scenario continues.
2bit
Indications are that the bears will be burnt again...lot of PUT activities but the dip buyers are there...although a pullback is more healthy for the market to advance further... will see
2bit
Den,
I beg to differ. There were many wedges since March low and they were all appropriately released. You cannot categorise the whole six month as a big wedge and expect a huge release. That won't happen. Right now we are in a channel within a channel.
2bit
OEX 500 magnet...
To put it simply, a stochastic pop for MCO...
Keep buying pullbacks...
have a good weekend all
2bit
Excellent Blasher...
2bit
Patriotic rally tomorrow..
From Cobra...
2bit
Date SPX Change
09/11/08 +17.01
09/11/07 +19.79
09/11/06 +0.62
09/09/05 +9.81
09/11/05 was Sunday
09/10/04 +5.54
09/11/04 was Saturday
09/11/03 +5.50
09/11/02 -0.13
Shouldn't you have known, be careful Bears
2bit
Don't you just love Evil Rat's humour...
"Ramp-O-Mania Thursday Rub Down
I’m reporting to you from the International Space Station as equities just propelled into the stratosphere on NASA’s newly developed irrational exuberance propulsion system (IEPS). I’m also happy to announce that the Fed’s new 100 gigawatt Air-to-Bear X-ray laser has been successfully been deployed.
Ramp-O-Mania is in full force at this point and even the most gruesome economic reports are being shrugged off by investors who have seemingly acquired an immunity against economic realities during their H1N1 inoculation."
2bit
You,
Using the bears' term "mega phony"...LOL
2bt
Oman, can you say cup&handle?
2bit
Rab,
I have just finalised my analysis on AD issues. With all things being equal, it is a confirmed extended up leg. Today is like July 15. There is a short term turtlesoupsell signal though. However, looking back at July10 extended up leg, there was almost one TSS a day and everybody, mother and child included, was pointing to a H&S which of course failed miserably. Though there is always that 10% chance which may go the other way.
Geithner's article is goodness. If he can pull money out of the banks, the market should rally more. It is the glass 1/2 full scenario. If the market is to crash or retreat it will more than likely be in October, then rally again till the end of the year.
2bit
Hey You,
I am just trying to show the breakout will lead to an extended up leg and hey every party must end someday..LOL
2bit
ET,
A chart pour vous...
2bit
You,
Where is the beef?
no divergence, cementation on hourly chart means continuation of the trend which is up...
2bit
You,
Uh, please don't mention the word "divergence"..To me, divergence is false hope. Just like hoping to score on your first date. LOL
2bit
Rab,
It is annoying isn't it...while you just sit and wait it keeps going up...and when you finally bite the bullet and get in, it starts crashing down....
However, my preliminary analysis on A/D issues shows me something only happens on March low, July low and now... that means this time it will be another long grind up... if so OEX 500 it comes...SPX 1100 you say?
2bit
Gloe,
The way it closed today. there are indications from A/D issues that another July 10 upleg is in the work...I'll be very cautious
about shorting this market.....
2bit
ET,
I see signs of deterioration in A/D issues..
2bit
Were you the one in the house who said "You Lied" to the President last night?..hehe
2bit
Just my 2bits,
Oil, Finance - OB
Gold - retreats
NASDAQ 3horsemen - OB
Dollar - OS
Euro - OB
VIX - OS
Market - sideway to down
2bit
At any top there is always a surge to new high for the late comers and then it will gradually die... not saying this is the top but will see how it clooses today
2bit
Well Rab,
Not exactly I tend to leave a lot on the table..but as Blasher says reduction of stress which I think is more important than money...
good trades to you
2bit
Hey Blasher,
I like your days of rest strategy...sometimes itching fingers got me into trouble...it is always better "to wish you were in than wishing you were out"
good trade to you
2bit
Two,
I have closed out my longs this morning...but not enough to short yet...it can still go both ways...
my 2bits
SDP,
Not sure what you are showing me. Frankly I just don't understand why people would play QID/OLD. First, the increments/decrements are more or less the same as QQQQ and pricewise there is very little leverage 40/25. There should be at least 50c to the dollar. I would just trade QQQQ options.
2bit
Hiker,
I have been telling the board to go long Sept3
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41175485
All my OEX contracts are doubled...LOL
2bit
The dollar fell out of the bottom, remain long...
2bit
Interesting...you mean farther of the John, Bob and Edward Kennedy...is the humour true that the Kennedys sold arms to the Japs during WWII?
2bit
2> I was referring to the levitation....don't think too hard, it may damage your brain..LOL
2bit
Two
Da Boyz = Criss Angel
2bit
I just use that site for entertainment
2bit
Double post
Oman,
Except I am afraid of height...LOL
2bit
Guru Oscar
Thinks that the market is going to shoot so high in September that you have to climb a ladder to see it....
2bit
Just my 2bits
All indicators say go bull go
Support at OEX 470. It has to surpass 474 to retest old high 480ish to get new high. Failure at 474 is possible but not expected.
Have a good long weekend folks
2bit