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Post by Cosmic on Aug 24, 2010 19:29:14 GMT -5
Ummm... baby bear? (just goin' with the trend)
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Post by Clinton SPX on Aug 24, 2010 19:45:15 GMT -5
Baby Bear
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Post by Rich on Aug 24, 2010 19:51:05 GMT -5
Bear.
I don't know.
It just feels right.
...And one more thing.
Can a brother get one good bit of economic news? ;D
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Post by theMIST on Aug 24, 2010 19:57:14 GMT -5
Bull! If we gap UP big and don't get catastrophic news, I'm thinking we see SP1063, possibly 1071. Low should be SP1051.
If we don't get big gap UP and we get catastrophic news, I will be watching for a spike down to SP1042, 1040.
Regardless, we're bouncing and should close green.
MIST
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Post by Rothschild on Aug 24, 2010 21:27:50 GMT -5
Torrentio Bull for Wed. Will it be a gap n crap? Nah, I dont think so. Theyll make the shorts sweat it out a litttle for a couple of days. Weve had bad technical damage and all ma's are point down across all timeframes; use the rally to lighten up on longs. If we get a 2% move to the upside book those profits; 2% moves up or down is the calling card of the grizzly bear.
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Post by blueskies on Aug 24, 2010 21:31:40 GMT -5
baby bull for blue....
I'm thinking close the gap at 1067.50 then back off to close green but not full bull.
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Post by birthmark on Aug 24, 2010 21:35:05 GMT -5
I'm going Baby Bull (in utero).
Not changing my mind until the damn thing is born!
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Post by blueskies on Aug 24, 2010 21:56:41 GMT -5
birthmark i think you forgot to vote up at the top of the page.....
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Post by puurfectten on Aug 24, 2010 22:06:38 GMT -5
mmmmm...bear...don't think this push is done yet...just one more push down..  all my stuff still in nisedive mode..then maybe a bounce..then flush after that...should have a close below dow 10k tomorrow..watch support on rifin..they night leapfrog it tonight..  |
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Post by torrentio1 on Aug 24, 2010 22:06:55 GMT -5
BULL
The market reminds me more and more like a bankrupt issue that has no future growth prospects and will eventually get delisted.
Meanwhile, traders play it profiting directly from others losing -a zero sum gain as far as the economy...
Something better change soon...
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Post by demanuel2001 on Aug 24, 2010 22:34:29 GMT -5
Hmm bull I guess - not exactly excited about it though
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 24, 2010 22:43:50 GMT -5
Bear! - I thinking more bad news on housing and durable goods tomorrow.... elevator down till Friday!
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Post by benvestor on Aug 24, 2010 23:46:42 GMT -5
baby bull.. need some sort of bounce before we head down some more
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 25, 2010 0:23:40 GMT -5
Voted Bear tonight. Watch Durable Orders and New Home Sales tomorrow. If they fail to impress, say hello 1030-1040 tomorrow (next firm support). Otherwise I see a retest of 1060 with a possible sell off to end the day flat (mas or menos 5pts on the SPX). In the current market, the sell offs appear (in every instance) to be spikes (sharp sell offs) where as the bull runs have been protracted (slow grinding up). If the news doesn’t improve soon, I think we are going to see 1000 break pretty quickly as the bulls run for cover while the bears pile in. If 1000 breaks… next support levels I have are at 980 (soft), 940 (firm), 890-910 (soft)…. beyond that it’s a free fall. Stay nimble, and play the short term trades so you don’t get burned. Straddles sometimes work well during high volatility (of course you can lose double if the market doesn’t go anywhere). Remember the old adage... bulls and bears can feast together, but pigs usually get slaughtered.  Best of luck everyone, sowolf- |
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Post by ask2lern on Aug 25, 2010 6:09:44 GMT -5
baby bull..........just a little green to brighten things up a bit..... |
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Post by brosin on Aug 25, 2010 9:21:53 GMT -5
I am way late on voting, but I want to go baby bull and it doesn't look good for it anyways.
So I will vote baby bull
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all my stuff still in nisedive mode..then maybe a bounce..then flush after that...should have a close below dow 10k tomorrow..watch support on rifin..they night leapfrog it tonight.. 
