maxreturn
745 posts
msg #60932
- Ignore maxreturn |
4/1/2008 10:45:54 AM
Dunno Niko. While my gut tells me there has to be an intraday reversal sometime soon, the SPY looks pretty strong with no real strong overhead resistance until 135.81.
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nikoschopen
2,824 posts
msg #60937
- Ignore nikoschopen |
4/1/2008 12:01:13 PM
Ure prolly right. I got stopped out with my bare ass exposed on that last trade. Before I bite the dust again, I think I'll chummy up to fellow bulls for now.
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maxreturn
745 posts
msg #60938
- Ignore maxreturn |
4/1/2008 12:10:16 PM
Niko. You're probably already aware of this but I just like to take a peek at all of the industries on the home page to see just how broad based a rally is. The far left hand column has been showing green for most industries since early on. Many up 2% or more on the day.
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nikoschopen
2,824 posts
msg #60943
- Ignore nikoschopen |
4/1/2008 1:45:32 PM
Well, I've just went short at 1360. Wish me luck!
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nikoschopen
2,824 posts
msg #60944
- Ignore nikoschopen |
4/1/2008 2:23:57 PM
Should there be another retching to the upside caused in part by the johnnie-come-latelies, my source tells me the S&P should close near 1375. Scary thought indeed.
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nikoschopen
2,824 posts
msg #60945
- Ignore nikoschopen |
4/1/2008 3:20:46 PM
I see a double-top forming on the 5-min chart. There could possibly be a reversal here, however small it may be.
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nikoschopen
2,824 posts
msg #61044
- Ignore nikoschopen |
4/3/2008 3:23:14 PM
Most of the rallies that took place just before the Dow shot up to 14,000 was largely driven by mass hysteria. Why do I get the same uneasy feeling now?
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chetron
2,817 posts
msg #61056
- Ignore chetron |
4/3/2008 9:07:01 PM
maxreturn
- Ignore maxreturn 4/1/2008 12:10:16 PM
Niko. You're probably already aware of this but I just like to take a peek at all of the industries on the home page to see just how broad based a rally is. The far left hand column has been showing green for most industries since early on. Many up 2% or more on the day.
*************************************************************8
that is a nice feature.
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karennma
8,057 posts
msg #61174
- Ignore karennma |
4/7/2008 9:23:46 AM
nikoschopen 4/3/2008 3:23:14 PM
Most of the rallies that took place just before the Dow shot up to 14,000 was largely driven by mass hysteria. Why do I get the same uneasy feeling now?
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Looks like DOW will have another 200+ day today.
Talkingheads on CNBC .. "we've seen the bottom!" ...
LOL! Bottom my @$$!!
This reminds me of 2007 ... things get worse, and market keeps going up.
Definition of a Bull Trap:
A false signal indicating that a decling trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.
I'm gonna short this BS bigtime!!
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nikoschopen
2,824 posts
msg #61196
- Ignore nikoschopen |
4/7/2008 2:57:06 PM
Well, you and I certainly will go down in StockFetcher history as not-so-brainy traders who marked the decisive break from the pack of hopeless buffoons in need of redemption. Lets just hope that we're right. lol
For the time being, you can take solace in the latest prediction made by my crystal ball, which sez the S&P 500 will drop by as much as 20% from here and should be trading at or near 1100 by mid-June.
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