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Post by brosin on Jul 26, 2010 14:51:22 GMT -5
I'm in this same boat and agree with you. But the bears have got to eat a little bit if they're going to stay alive for the beginning portions of this rally. And if we're going to rally, we need the bears to be alive and well, fighting to the end. Bears have eaten enough since May 2010 - let them DIE (sorry). Can't kill em Jack - a bearless market is probably the most terrifying market there is. Look at what happened at the end of April, early May when the put to call ratio fell off a cliff. |
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Post by ukarlewitz on Jul 26, 2010 14:51:46 GMT -5
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Post by jack on Jul 26, 2010 14:55:04 GMT -5
Bears have eaten enough since May 2010 - let them DIE (sorry). Can't kill em Jack - a bearless market is probably the most terrifying market there is. Look at what happened at the end of April, early May when the put to call ratio fell off a cliff. Okay...just cut their balls off then. |
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Post by Dualism on Jul 26, 2010 14:56:15 GMT -5
Oh I see what you are saying.
Very clearly the price can continue higher with NYMO not making higher highs.
But the probability of NYMO seesawing up here is rather high. If this were to occur then price advances are going to be much more modest, very much unlike last week.
I think the VIX is still high enough that we can have happy pullbacks for the bears, as Brosin suggests the bulls need them in order to extend the uptrend for weeks to come.
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Post by jack on Jul 26, 2010 14:58:40 GMT -5
I must apologize for my incredibly naive and idiotic remarks about bears.
Screw them anyway.
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Post by jack on Jul 26, 2010 15:01:06 GMT -5
Last 10min candle a long-legged doji on SPY & FAS (total indecision).
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Post by abdogman on Jul 26, 2010 15:03:18 GMT -5
Good Evening Gang and Jack........Thx for the input...see ya in the AM
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Post by jack on Jul 26, 2010 15:06:30 GMT -5
Good Evening Gang and Jack........Thx for the input...see ya in the AM Seeya Rog - thank you and all others for the signals! |
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