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Post by brosin on Sept 22, 2010 12:26:01 GMT -5
They just hold no real weight. Bears are underwater, trapped, angry, and in denial. Even the skeptical bulls are in cash, angry to have missed the move, and wanting that dip to reload since they missed 1040/50. Gloom and Doom = Apple these days; it is the fad. You should hear general everyday folks talk about the stock market; jokes about how it only goes down are heard around my office every day. And these aren't people with any knowledge of anything other than their 401Ks. As I will continue saying for probably the next 1-2 years minimum, a bottom doesn't fall out when everyone is expecting it. We are still much closer to the bottom than the top by way of sentiment (this a LONG term perspective / 6-12 months or more). 10/26/10 update: Gets a thumbs up as the market closed at spx 1132 on 9/22. We went up another 5% in a month from there
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Post by timber on Sept 22, 2010 12:27:25 GMT -5
i agree with you brosin
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graysky
Commodities Trader
Posts: 192
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Post by graysky on Sept 22, 2010 12:28:19 GMT -5
Futia is calling for a move to 1176 and a an eventual, powerful move to 1300 +
He's been good these past few months...
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Post by trading4dough on Sept 22, 2010 12:29:50 GMT -5
i agree with you brosin
this pig will fly
and it will snow in hell
cause its going up
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Post by timber on Sept 22, 2010 12:30:45 GMT -5
i just need to find a middle ground between big bull brosin and big bear comm ;D......im a buear ;D
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Post by brosin on Sept 22, 2010 12:32:45 GMT -5
i just need to find a middle ground between big bull brosin and big bear comm ;D......im a buear ;D I won't say what I was going to.
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Post by timber on Sept 22, 2010 12:36:18 GMT -5
its fighting hard here brosin......i hope the bulls can pull it off...it would suck if we went down hard again
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Post by brosin on Sept 22, 2010 12:38:06 GMT -5
There are a lot of people hoping it does fall hard again, so it wouldn't suck for them!
I have a feeling more think we are going down than going up. And we've seen quite a bit of that lately. But yet we keep going up!
I do like that they are showing fight off 1130. I'd still think that should be major support after we broke through it while it was key resistance.
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Post by theMIST on Sept 22, 2010 12:40:35 GMT -5
Long and strong here!
Today's move is simply a backtest of the breakout (SP1131)
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Post by trading4dough on Sept 22, 2010 12:47:52 GMT -5
1126.5-1127.5
that be the spot
my friends
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Post by Rich on Sept 22, 2010 12:50:54 GMT -5
If you weren't my buddy I'd say something smart-assed like "It's gotta bust thru that brick wall at 1131 first!"
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Post by trading4dough on Sept 22, 2010 12:56:55 GMT -5
If you weren't my buddy I'd say something smart-assed like "It's gotta bust thru that brick wall at 1131 first!" im watching this area real close right in here is where iwm should turn down should being the operative word
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bjxxxx
Commodities Trader
Posts: 135
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Post by bjxxxx on Sept 22, 2010 16:47:39 GMT -5
The juice right now is the dollar diving on Bernanke's word that the Fed will continue to weaken it. That does support the market because it will make our corps (and other assets) cheap for foreign investors. Bullish, but it does not have a happy ending. . . .
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Post by benvestor on Sept 22, 2010 16:54:37 GMT -5
pullback should continue the next few days i think.. I am going all in if we bounce (after pullback)
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Post by tajmahal9898 on Sept 22, 2010 18:15:10 GMT -5
They just hold no real weight. Bears are underwater, trapped, angry, and in denial. I am a Bear and you are stating that I am underwater, trapped, angry, and in denial. WoW, you know me very well.. just 5% correction, please
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rebel
Broker/Dealer
Tried & True
Posts: 434
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Post by rebel on Sept 22, 2010 19:04:20 GMT -5
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Post by puurfectten on Sept 22, 2010 19:16:35 GMT -5
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Post by ask2lern on Sept 22, 2010 20:47:48 GMT -5
They just hold no real weight. Bears are underwater, trapped, angry, and in denial. Even the skeptical bulls are in cash, angry to have missed the move, and wanting that dip to reload since they missed 1040/50. Gloom and Doom = Apple these days; it is the fad. You should hear general everyday folks talk about the stock market; jokes about how it only goes down are heard around my office every day. And these aren't people with any knowledge of anything other than their 401Ks. As I will continue saying for probably the next 1-2 years minimum, a bottom doesn't fall out when everyone is expecting it. We are still much closer to the bottom than the top by way of sentiment (this a LONG term perspective / 6-12 months or more). And I think it will go up.......................thats what makes markets............ And once again thats what makes markets........................
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Post by bullorbearnopigs on Sept 22, 2010 21:29:15 GMT -5
The juice right now is the dollar diving on Bernanke's word that the Fed will continue to weaken it. That does support the market because it will make our corps (and other assets) cheap for foreign investors. Bullish, but it does not have a happy ending. . . . the bad ending part of US assets becoming more affordable to the rest of the world .... can anyone list some likely bad outcomes?
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Post by bellevuetrader on Sept 22, 2010 21:40:52 GMT -5
"I don't buy one cent of the bears' arguments" Brosin....you never have. So why bother telling us over and over again? In your words...You're wasting your breath.
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graysky
Commodities Trader
Posts: 192
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Post by graysky on Sept 22, 2010 21:53:49 GMT -5
All good Bros, bears and bulls...
Waves and all show a pretty good time for all straight ahead...
Be on the right side...
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Post by brosin on Sept 22, 2010 22:00:07 GMT -5
Brosin....you never have. That's fine if that's what you want to believe. Unfortunately it's far from the truth.
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Post by Rich on Sept 22, 2010 22:25:05 GMT -5
I'll tell ya, Bros, I ain't the smartest guy in the world but I know 1131 held today.
It could have broken down.
It didn't.
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Post by bellevuetrader on Sept 23, 2010 0:09:30 GMT -5
I agree Rich....it could have. BUT the bots held it up. It didn't even dip hard enough to 1131. It hit like 1131.89 or some garbage for .001 seconds before heading back into the 1132's and 33's. They'll be saving that trip for another day IMHO.
As for being underwater, trapped, angry and in denial....I'm down 0.80% on FAZ or roughly 10 cents. LOL! Perhaps you were referring to the other idiots who are stuck -20% on FAZ.
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Post by brosin on Sept 23, 2010 0:16:46 GMT -5
12 months ago it was the PPT
Now it's the Bots
Next year it'll be TurboTaxTimmy
How DARE the market go up and create economic growth while taking the bears' hard earned money
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Post by brosin on Sept 23, 2010 0:28:58 GMT -5
I'm surprised that no one has brought up the fact that this thread title really makes no sense. That's what we should really be talking about
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graysky
Commodities Trader
Posts: 192
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Post by graysky on Sept 23, 2010 1:01:27 GMT -5
Eh, come on now... Love ya bros...
Do you not see/feel the difference in this market?
Odd, artificial, unnatural buying or positioning?
Ever since May 6th, it's still not right... quite a bit of money lost faith in this market...
This run... (cough)... it'll take much cheaper prices to bring that money in
this latest move only serves a select group
our market is fuqqued
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Post by cosmic on Sept 23, 2010 1:10:01 GMT -5
I have to agree, graysky, that since the Flash Crash there's been no confidence in this market. That 'little glitch' that drained 890Billion from the market in 15 minutes, or whatever, was the final straw convincing Average Investor that the market is a complete joke. Thus a bond bubble the size of Mt. Olympus.
I had little confidence in the market before that, but the flash crash, with all the lies and spin, and NEVER, EVER, a solid determination of what went wrong, just makes one even more skeptical.
The SEC looks like a bunch of porn-watching buffoons, and Ms. Schapiro - not sure how she got her post - is inadequate at best. Too little too late Mary.
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Post by timber on Sept 23, 2010 3:42:16 GMT -5
i could see both sides....nothing stopping the markets from going up on low volume with very few on board....it happened before....its if we can keep it up here without crashing again....i mean it seems thats all it ever does now and it wears you out as an investor so i can see why people just say screw this.....im rare i never give up ;D so i will keep plugging along but a lot of guys just parked the money in gold and safe investments and got on with their lives
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Post by Clinton SPX on Sept 23, 2010 5:05:23 GMT -5
12 months ago it was the PPT Now it's the Bots Next year it'll be TurboTaxTimmy How DARE the market go up and create economic growth while taking the bears' hard earned money LOL, dude wake up the PPT are the ones with the Bots. Why do you think they are having lay offs now, robots are taking over. I forget where I saw it but theres a guy thats shorting all the trading firms that DONT use bots. Now thats funny.
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