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Post by cosmic on Mar 7, 2010 10:03:17 GMT -5
Wow how many Mondays in a row are up? Like 23 or 24? So I would be insane to say we go down. How could that be. A trend is a trend until it's not a trend.
I am officially voting... Baby... BULL!
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Post by alphacpa on Mar 7, 2010 10:36:15 GMT -5
Baby BULL for me as well. News will be sparse until Friday's consumer confidence. Will it improve over last report?
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oldcicer
Margin Account Trader
Posts: 41
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Post by oldcicer on Mar 7, 2010 10:41:07 GMT -5
Going back for 2 days in a row with the Torrentino BULL
No charts ,, no analysis ,,, just my gut feel saying ....
Shorts had a weekend to think about it ,,, funds had a weekend to say lets runner up and see where she lands ... folks on the sidelines thinking ,,, am I gonna miss out ,,, is this the NEW Bull market
I think they runner er up
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Post by maxi on Mar 7, 2010 10:46:05 GMT -5
Baby Bull. and everything OC just said....
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Post by cosmic on Mar 7, 2010 10:48:37 GMT -5
Baby Bull. and everything OC just said.... You gonna trade it Maxi? Maybe just buy some QQQQ?
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sneaker
Margin Account Trader
Posts: 20
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Post by sneaker on Mar 7, 2010 11:10:34 GMT -5
I just feel like everything is painting to a breakout like in august of 2009. We touched the 12.50ish techincal multiple times and broke out there; IYR at 35 breakout;S&P 950;Dow 8600;oil and gold had moved up a level prior just like now; maybe friday with consumer sentiment an retail sales may level us out but I think you are going to get a breakout from monday thru wednesday atleast.
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Post by brosin on Mar 7, 2010 11:58:53 GMT -5
7 trading days, approx 13 pts and 170 pts for SPX/DJ to get to new highs prior to FOMC. I think the highs will come in at about 22 and 300 pts above the current levels, which is about 2% from where we're at now.
Plenty of time, much more than I would've expected even a week ago.
2 Mondays in a row were down prior to this last one being up; I think a little pause is in order before putting the finishing touches on the squeeze - get the bears a little excited before their demoralization continues.
Bear for Monday.
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Post by Dualism on Mar 7, 2010 12:56:29 GMT -5
I'm voting 'Baby Bear'.
The McClellan Oscillator is sitting at the zenith reading of +75.
The A/D charts are all looking unsustainably parabolic.
The cost of buying portfolio puts has dramatically declined. So as the struggling option writers are selling more puts, the big hedge funds are buying them. And we know those guys always harvest their insurance at some stage when the implied volatility explodes.
Even though I am voting baby bear, I do believe the bullish momentum is going to remain for a few more days before the magnetic poles switch.
The VIX has left a huge gap with its Friday gap-down and crap-out. It will refill that gap soon; I have no doubt.
I sound fairly vociferous, but I don't think it is prudent to just go all in on the bear side.
As Cosmic very astutely said, and I paraphrase, 'this game is not about greed but about risk'. So please use prudent risk and money management. If you are not gradually gaining in this market, reassess your strategies and make adjustments.
To win the war, you would have to win better than half the battles.
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Post by benvestor on Mar 7, 2010 14:04:59 GMT -5
More positive Greece news to move us up lol. Maybe a sell off in the morning then a run after that..
And then again it will probably happen opposite of what i say.
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Post by ukarlewitz on Mar 7, 2010 14:36:45 GMT -5
Hmm, too early to see what the board will say for Monday. Thursday night, everyone was bearish - of course, we get the opposite, a super bullish Friday. Hopefully now everyone will be super bullish for Monday, in which case I'm confident we'll have a pull back.
Super bullish Monday has worked less well recently; but more importantly, it mostly worked when we had either a flat or negative Friday. It's a bad barometer after a super bullish Friday.
My guess is that everyone is now bullish. Certainly, the longs should be complacent and the shorts spent their weekend hating life. With Vix low and McClellan overbought, we are set up for a surprise.
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Post by takeprofit4 on Mar 7, 2010 14:38:46 GMT -5
Baby Bear - I wasn't thrilled with the volume on Friday, not very convincing.
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Post by sorry4mypastlife on Mar 7, 2010 16:55:43 GMT -5
Well I am voting baby bear because I am biased on this one. Someone please tell me the numbers that make it a bull or baby bull. Seems like its either bull or bear. I want cheaper buy in's and I also got stuck with TZA over the weekend. My gut says bull but I have to psych myself out and stick with bear like I am confident and actually know something. Wow do I sound insane or stuck with a bear etf over the weekend. My official vote: Babbbbbbbby Bear.
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Post by Clinton SPX on Mar 7, 2010 17:20:04 GMT -5
Baby Bull, I think we drift up this week with no mega break out.
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Post by exabi on Mar 7, 2010 17:30:19 GMT -5
Baby bull
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Post by maxi on Mar 7, 2010 19:37:25 GMT -5
Baby Bull. and everything OC just said.... You gonna trade it Maxi? Maybe just buy some QQQQ? I am dying to trade but I do not know how that would affect the fund transfer. If I can get in touch with them early maybe I can trade even tho I said it was a cash transfer...
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Post by ask2lern on Mar 7, 2010 20:27:37 GMT -5
the shorts spent their weekend hating life. With Vix low and McClellan overbought, we are set up for a surprise. Well I did not hat life but wished I had waited a bit longer before jumping in the bear pool(I think the spring weather go me thinking bears coming out of hibernation)........LOL Bear for me.............I knew I was in trouble when everyone else was bearish................I put an APB out on the vix this weekend.............hopefully it starts to run a bit........GLTA
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Post by torrentio1 on Mar 7, 2010 20:34:00 GMT -5
Big Bull with Balls! I look for Transports to take out the 4250ish level and enter the vacuum area; Semiconductors to catchup, drive through and breakout; NASDAQ to paint new highs; SPX 1180; AND to see VIX SUB 16 coming soon... Then we start cooking with GAS... Let's get this party started!!! ;D ;D
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Post by puurfectten on Mar 7, 2010 22:09:11 GMT -5
whats up with gold basically pegged to the spx....??...nikke pegged to the dow???... and the hang seng pegged 2x the dow and nikke anyone know ......oh....bear.......asian banks have big problems....don't think market will like it monday....toooooo many sleeping bulls this weekend....maybe ate too much last week...
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Post by puurfectten on Mar 7, 2010 22:11:20 GMT -5
ohhh...gap down on the vix looks a little sneaky......
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Post by cosmic on Mar 7, 2010 22:13:33 GMT -5
Still, 9 bull 8 bear so it's basically a draw to slight favor of the bulls.
I'd say that's a mighty "unsure" given that Magic Monday is usually in effect, eh?
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Post by brosin on Mar 7, 2010 22:26:18 GMT -5
Playing the contrarian hasn't exactly worked either as we are above 50% correct as a group.
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Mar 8, 2010 0:43:35 GMT -5
I think baby bears coz it will go up then pull back, just don't know where or when. We were here in Jan ...remember that ride to below 60?
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Post by elle on Mar 8, 2010 0:56:13 GMT -5
bull
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Post by trading4dough on Mar 8, 2010 2:16:33 GMT -5
Full pull Bull
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