Replies to post #331478 on Naz News, Gappers and FLE's

[iconoclassic]

SAN short? (edited)...just seems too anticipatory to me...shorting because it is 'too high' is not a good reason in my book

I wait...let the chart tell me it is rolling over...and miss some that way, but my risk is lower...

Besides which, most of the movement here comes overnight, because it is a foreigner...

Descending wedge on that weekly chart...that pattern is associated with a break to the upside...

Just my 2 cents..

:)

EDIT: If you are doing it for fundamental reasons, then don't pay attention to me, I have done no DD on this one...

[iconoclassic]

Oh, on SAN...was looking at something else entirely and this popped up... from last night's show...just FWIW...

Cramer said that the Spanish bank Banco Santander(SAN_) is the stock that holds the key to this market.

Shares of Santander bottomed on July 24, a move that signaled the bottom in the markets overall. The bank is truly "too big to fail," said Cramer, and is one of the most dominant financials in the world.

Santander is a proxy for whether Germany will bail out the Spanish economy, said Cramer. If it does, shares could rally to $10. If not, look out below.

So if investors truly want to know which way the markets are headed, all they need to do is look as Banco Santander.