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ogm

07/07/05 11:24 PM

#407545 RE: Zeev Hed #407539

You're probably right, and we may see 2100 again. But I disagree that today was the day. All terrorist attacks and scares have been bought for the past 2 years. Always. No surprize that this one was bought too.
Of course this event has messed up the trend for a few days and the noise has to die down before the trend resumes. But we had a nice little downtrend going even before that. However as this noise dies down, I think that the event itself will have an overall negative effect on the market going forward. Just another detail to depress the psychology of the market.

Tomorrow is the employment report. If the news isn't good, then it will be the real test of how the market acts.


Here is DJT chart.
http://img260.echo.cx/img260/7100/djt25so.jpg

And GE.

http://img260.echo.cx/img260/3546/ge20mj.jpg

What do you think of these ?



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otraque

07/08/05 3:23 AM

#407553 RE: Zeev Hed #407539

<<if the bear wanted it down, today was the day, but it just did not work>. o man you know market always get major inflow follwing a tettorist attack Fed/Central Banks to stabilize and rally market, it is PPT all the way.
The "if the da boyz wanted a bear market today would be the day" idea is not relevant for days like today involve those MUCH BIGGER than da boyz, this is PPT, the world central banks AND behind all the NSA.
i agree with ogms view, days like today are bought, and am just adding why they are bought.
Also i am amazed that there are many that refuse to consider the NSA is involved in this---any sudden displacement in the market is a danger not only to U.S. Security, but the entire global financial system and they have in place all measures to be activated when a major terrorist attack occurs.
To me this is obvious common sense.
The Derivative market can not handle a sudden displacement.
But key point "da boyz" are obedient and in the control of powers bigger than them on a day like yesterday.
There were 13ticks above 1000 on NYSE yesterday Zeev that is major pumping, and the pump isn't "da boyz".

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seward

07/08/05 10:18 AM

#407668 RE: Zeev Hed #407539

Didnt you buy GIVN today under 20? I struck early and got in over 24.

hans

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Ace Hanlon

07/08/05 2:44 PM

#407900 RE: Zeev Hed #407539

Well we are back above 2100 as you predicted.

Not surprising after yesterday's rebound.

What do the turnips say now?