|
|
Post by brosin on Sept 2, 2010 9:37:38 GMT -5
Those in cash, and the bears that are now under simmering heat would *really* like to know!
Because they really need that dip.
|
|
|
|
Post by cosmic on Sept 2, 2010 9:48:33 GMT -5
Really? I dunno I mean BAC is in the low 13's, but if it was going to run to 18, or even beyond, it's cheap, so a dip is really necessary?
GS 139-141? Cheap
GE 14's? Cheap
and on and on
But are they cheap relative to performance, as these tend to by dividend stocks too - that I don't know.
|
|
|
|
Post by brosin on Sept 2, 2010 9:54:04 GMT -5
Really.
That's what everyone was saying yesterday - many sold into the pop wanting to get back in on the "retrace." After the 3% move on nothing (and the market not falling apart as everyone thought), those in cash have to be reconsidering.
|
|
|
|
Post by cosmic on Sept 2, 2010 9:55:03 GMT -5
Not really. Not this guy.
|
|
|
|
Post by brosin on Sept 2, 2010 9:58:31 GMT -5
whatevs
|
|
|
|
Post by sloop on Sept 2, 2010 10:07:38 GMT -5
I thought you were bullish Brosin? You gave a great argument for being a bull, what happened?
|
|
|
|
Post by timber on Sept 2, 2010 10:11:13 GMT -5
i got out early on my tza..usually you can trade them early but you have to fast
|
|
|
|
Post by brosin on Sept 2, 2010 10:16:56 GMT -5
I thought you were bullish Brosin? You gave a great argument for being a bull, what happened? I am still a bull sloop - this post was supposed to be sarcastic towards everyone who was saying we were going to give it all back today. The FFR bearish move concerns me a little, but I will need it to move further down to confirm. Still a  imo! |
|
|
|
Post by cosmic on Sept 2, 2010 10:18:53 GMT -5
If you have a slightly bearish move on a key indicator, then I think the call might be for HOLD not buy, until the indicator gives a clearer direction. Mechanically, at least.
But I'd also be using hefty stops.
|
|
|
|
Post by brosin on Sept 2, 2010 10:21:13 GMT -5
Your call may be. The indicator has been showing a raging buy lately, and yesterday tried breaking out into stratospheric buy zone. It pulled back into the raging buy zone, but with the volatility (.02% moves are rare and can't be ignored), I am pulling the raging buy back to being a |
|
|
|
Post by sloop on Sept 2, 2010 10:23:26 GMT -5
I know Dough was bearish.
|
|
|
|
Post by sloop on Sept 2, 2010 10:25:13 GMT -5
looks like BAC is ready to pop market gos down and BAC holds its ground
|
|
|
|
Post by Clinton SPX on Sept 2, 2010 10:27:53 GMT -5
speaking for myself, I wasnt bearish at close yesterday. I just didnt want to get gapped down on today.
|
|
|
|
Post by jack on Sept 2, 2010 10:36:54 GMT -5
looks like BAC is ready to pop market gos down and BAC holds its ground BACs macd's neg but stochs oversold what are you seeing there Sloop? |
|
|
|
Post by commodityypro on Sept 2, 2010 10:56:17 GMT -5
SPX having trouble overtaking the 50sma, and I still think we have to go back and fill the opening gap from yesterday before we fly higher if in fact we are gearing up to fly past 1100.
|
|
|
|
Post by brosin on Sept 2, 2010 10:58:25 GMT -5
So Comm, 1080 is now long behind us. What's your new target for decreasing bearishness?
|
|
|
|
Post by commodityypro on Sept 2, 2010 11:01:46 GMT -5
So Comm, 1080 is now long behind us. What's your new target for decreasing bearishness? It's the 50 sma I am watching now at 1086. Seems pretty good resistance there. Plus I am now down 5% on FAZ so I am getting close to my cut bait and go percentage. I will hang a bit longer so as to not get shaken out if we do see a reversal down as people sell and take profits in anticipation of tomorrow unemplyment #. Plenty of time to get in long even if peope wait until tomorrow if in fact we are reversing and bears are losing their grip from the past few months. LOL..you're funny Brosin "1080 long behind us", you're starting to sound like V. I know you've been waiting since May to get you're FAS losses back but come on. One day does not mean bulls are in charge |
|
rebel
Broker/Dealer
Tried & True
Posts: 434
|
Post by rebel on Sept 2, 2010 11:03:03 GMT -5
TLT broke gap fill bull trap ?
so far looks like the bull has a full court press ;D
GLTA
|
|
|
|
Post by brosin on Sept 2, 2010 11:22:34 GMT -5
So Comm, 1080 is now long behind us. What's your new target for decreasing bearishness? LOL..you're funny Brosin "1080 long behind us", you're starting to sound like V. I know you've been waiting since May to get you're FAS losses back but come on. One day does not mean bulls are in charge Pardon my French: what the hell are you talking about?? You had said if we got over 1080 that you were going to cut bait, and I said 'yeah right.' So now I'm wondering what the next 'yeah right' point will be. Waiting since May?? I grew very bearish for awhile... posted my 'conviction / back on the bull bus' on the night of 8/26. Market bottomed the next fricken day. My FAS entries: 8/11: 21.48 8/12: 20.82 8/16: 19.50 8/17: 20.40 8/19: 19.45 Or maybe let's look at my significant posts (tracked in the blog) 5/20/10 - Same $hit Different Month Part II: 5/20 spx bottom 1071, bottom 3 sessions later 5/25. 6/8/10 - Doom and Gloom is much too thick: 6/8 spx bottom 1041, that was THE day of the bottom Or how about 7/2/10 - I'm a bull: 7/2 bottom spx 1016. Market bottomed the session before 7/1/10. Pay attention if you want to make ridiculous statements and compare me to V. F*** off. |
|
|
|
Post by commodityypro on Sept 2, 2010 11:26:55 GMT -5
relax brosin, I'm just f'ing with you geeze, lighten up! Is the stress of the new job getting to you or something?
|
|
|
|
Post by commodityypro on Sept 2, 2010 11:30:41 GMT -5
Wow, I gotta get you worked up more often, look at that green candle on FAZ, go baby go!
|
|
|
|
Post by brosin on Sept 2, 2010 11:32:13 GMT -5
Job is pretty stress free. Don't ever compare me to him.
/conversation
|
|
|
|
Post by commodityypro on Sept 2, 2010 11:47:25 GMT -5
Job is pretty stress free. Don't ever compare me to him. /conversation Ok, I do apologize Brosin. I knew you had a dislike for him but come on , he's not that bad. He was born 1st in FAStopia so we have to respect our "elders" here. If FAZ breaks $14.77 then I think it keeps going into the close today. |
|
imo!
