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Post by cosmic on Feb 23, 2010 21:24:27 GMT -5
I'm guessing. Bullish. Edit: AND, I accidentally voted BEARISH!
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Post by ask2lern on Feb 23, 2010 21:30:35 GMT -5
bull...........gl
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Post by Rich on Feb 23, 2010 21:33:47 GMT -5
Bear. Again. I am not digging the triple M's on the MACD's of the major indices. Stoch's overbought.
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Post by Dualism on Feb 23, 2010 21:42:51 GMT -5
Tomorrow is really tough to predict, Cosmic.
Not that other days are easy, but tomorrow is tough because the Summation Index is rising, but the breadth oscillator pulled back today; a counter move interplay.
I hazard a guess for 'baby bull' move.
21.08 on the VIX is our Checkpoint Charlie tomorrow. If VIX drifts below it, capitalism flourishes another day.-)
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Post by brosin on Feb 23, 2010 21:43:06 GMT -5
Bull for Wednesday.
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Post by Clinton SPX on Feb 23, 2010 21:51:03 GMT -5
Bear, trend support broken Attachments:
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Post by jack on Feb 23, 2010 21:57:03 GMT -5
Bernanke's UP - Raging Bull Baby!!!
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Feb 23, 2010 21:58:07 GMT -5
I vote Baby Bull. I think (my head tells me) that tomorrow will probably be an “up” day as Bernanke typically calms the markets (or at least makes them feel better). My guess is that we may start lower in the morning and rise after Bernanke takes the podium. Of course my gut tells me that we could see continued sell off (see PS below).
I am still holding FAZ, and I think the short term trend is down. If the markets move up tomorrow, as I anticipate, I will use that as an opportunity to add to my FAZ position. I think we will head back toward 1040 or so, before reversing course back up. I really sense that we may be stuck in a trading range for the short term between 1040 and 1120 (look at the 6 month chart on the S&P). I am very doubtful that we will approach the highs set in January for a while. I don’t see any market events approaching that will catapult us up or down. My short term goal is to play the dips and the pops within this range for the foreseeable future.
Good luck everyone,
sowolf-
PS – with all of the negative press and congressional posturing against Bernanke as of late, I almost wonder if he will still have his mojo over the markets when he speaks tomorrow. He has endured quite a bit of criticism and disapproval as of late, which almost jeopardized his Senate confirmation. Any other thoughts regarding his ability to influence the markets (based on his testimony/speeches) today compared to a year ago?
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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 Feb 23, 2010 23:32:45 GMT -5
I say "Badges? We don't need no stinken badges" I heard that somewhere
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Post by torrentio1 on Feb 24, 2010 0:05:56 GMT -5
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Post by commodityypro on Feb 24, 2010 0:59:34 GMT -5
[shadow=red,left,300][/shadow] [glow=red,2,300]BEAR[/glow]
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Post by blueskies on Feb 24, 2010 1:10:12 GMT -5
bear
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Post by benvestor on Feb 24, 2010 4:42:05 GMT -5
I'm thinking continued sell off early, with good ol' Benny keeping rates low which may super boost the market up around 10am. In retrospect, if any major increase in the rate (>.25) we will not go up as much.. Housing should be good numbers as well, has mostly been so in the past couple weeks.
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Post by doglover on Feb 24, 2010 7:51:09 GMT -5
I am late but i say Bull
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Post by jack on Feb 24, 2010 16:05:05 GMT -5
Reco next time the terms be defined: Baby Bull: >0 to 1% Bullish: >1% to 2%, etc
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