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Post by Cosmic on Sept 6, 2010 17:40:14 GMT -5
Again, as I've suggested, re-consolidation at these levels is unnecessary. Direction must keep forward, or we lose the fib. If we lose the fib, we will sell down to the 1080 area.
It has to and must stay bullish, so baby bull.
(I don't necessarily believe it, it just must happen or else.)
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Post by Rich on Sept 6, 2010 17:43:06 GMT -5
Ya, bull, Herr Cosmic.
gotta get rid that FAZ tomorrow.
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Post by exabi on Sept 6, 2010 17:49:36 GMT -5
Baby bull...gotta break 1105....looks promising.
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Post by Rothschild on Sept 6, 2010 17:50:27 GMT -5
It is a fine Labor day and hope everyone is having fun.
The market is a tad overbought and we received some sour news about more major Euro banks faltering and I suspect it could lead to some selling. The Bear is back? We will see; Im voting bear.
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Post by maxi on Sept 6, 2010 17:51:18 GMT -5
Yep Baby Bull. because I want it to.  (now it's gonna tank) |
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Post by sloop on Sept 6, 2010 17:57:44 GMT -5
BULL!!! Obama has to do what Republicans wanted to the whole time. LOWER TAXES!!
Cant wait for November....DEMS are COOKED!!!!
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Post by Rich on Sept 6, 2010 18:14:51 GMT -5
Torre, still looking at 1125?
Why not 1130?
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Post by demanuel2001 on Sept 6, 2010 18:17:56 GMT -5
Peter Pan says QUAD-BULL again. I won't be around for the rest of the week to post my "wisdom" - going to be staying in Las Vegas for a few days. I guess my vote would remain quad-bull for the rest of the week unless we have a 200 point down day somewhere along the line.
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Post by Rich on Sept 6, 2010 18:24:30 GMT -5
Have a good time Demanuel, enjoy yourself. You deserve it!  |
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Post by torrentio1 on Sept 6, 2010 19:26:25 GMT -5
Torre, still looking at 1125? Why not 1130? 1130 is within the domain of possibilities that comprise the 1125ish call... The "ish" provides such leeway.  P.S. Check out the Charts and Chats thread -though I remain bullish we may see a wee pause here -a Euro enigma dip buying opportunity wrapped in consolidation creating a bear trap... |
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Post by jack on Sept 6, 2010 19:56:35 GMT -5
Bear
Obama's proposed programs will not be viewed favorably imho:
The infrastructure one is akin to the Japan's planes, trains and automobiles. It didn't do sh_t for their economy and it ain't gonna do shit for ours and I hope like hell the Repukes don't cave in again.
The $10B R&D thing (actually a program which stopped in Dec 2009) is only $1B/yr for 10yrs - that's chickenfeed and will have little to no impact on the stated purpose.
I think T4D's forecast of it heading down in the near term is now the correct one.
Only one problem with that....(I'm long).
LOL!!! GL
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Post by timber on Sept 6, 2010 19:59:48 GMT -5
thats the beuty of the stock market jack....you can change direction in less than a ten seconds if your on the wrong side
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Post by zabee on Sept 6, 2010 21:11:29 GMT -5
super bull (as usual) till I see some high volume days.
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Post by birthmark on Sept 6, 2010 21:21:14 GMT -5
Goin with a teenage Bull.
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Post by brosin on Sept 6, 2010 21:37:38 GMT -5
I wouldn't mind some pause and consolidation. I also wouldn't mind if we went up 3%.
Generally speaking, I think 'up we go' is in order. Bull
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Post by Clinton SPX on Sept 6, 2010 22:16:42 GMT -5
OK, I'll be the first Baby Bear.
Oil down, euro down, 10 year down
sounds like a bear
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Post by blueskies on Sept 6, 2010 22:59:10 GMT -5
i agree with Jack...
bear
blue
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Post by timber on Sept 6, 2010 23:26:53 GMT -5
its bad luck to vote on futures for the next day .....thats why i cant do it here and it remains in my head
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Post by benvestor on Sept 7, 2010 0:21:03 GMT -5
barely good news = bullish days
so maybe this is going to be another bullish week with weak but not too weak economic news
I really dunno, but bullish for monday
hrm poll seems to be locked
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Post by torrentio1 on Sept 7, 2010 1:30:16 GMT -5
BULL
I want an all out bull week; however, have a feeling we see some sideways consolidation this week...
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Sept 7, 2010 3:23:34 GMT -5
I voted baby bull... not sure why.. Obama's 540Bil is just a play to the unions.... and in passing I will be paying my mortgage with my credit card cause that means more money in my pocket to spend at Denny's right? LOL!
switching to bear? god I dunno...
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Sept 7, 2010 3:24:41 GMT -5
50BIL Obama I mean... typo
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Post by cosmic on Sept 7, 2010 4:08:54 GMT -5
So far as I can see, we've lost the fib right here tonight via the Minis. As such, even a close green is a short I believe. Will have to check but usually there will be a second push (so back to 1105-1108) and then the rug pulls down at least to the 1080's.
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Post by blueskies on Sept 7, 2010 8:26:33 GMT -5
1065 - 1070 I think Cosmic... although not today...
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Post by Clinton SPX on Sept 7, 2010 15:00:57 GMT -5
7 big bear winners gratz you guys
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Post by Rich on Sept 7, 2010 15:03:37 GMT -5
I lost in the poll but I won where it counts. |
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(now it's gonna tank)
