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... and the pullback was gold to the long side.

funny how none of the longs who were screaming "buy on the dips, so easy," aren't adding to the thread. Perfect chance to say you pulled the trigger before the fact.

ok longs, how many jumped in and embraced this dip on the uptrend? What did you buy? Personally, I wouldn't touch it. But, longs are die hard adamant about not violating trend.

"3. you buy stocks like most...completely uneducated, without respect or knowledge of risk." funny thing is those kind of folks seem to be the winners these days. Forrest gump just bought some dell. "... wouldn't ya know those kind fellers on tv told me to buy some dell-- i think they were...

anyone get in this morning? Is it going to 100% today? gasp

point well taken. That long term range does look pretty ugly.

don't the funds have to sell their losers some time this year? How are they going to have the annual santa claus rally if they do that? Funny thing is XOM has been weighing heavily on the s&p uptrend. Wouldn't the implosion in oil prices catch up to their earnings at some point? Nice big...

Anyone like sun here? If you love pullbacks, this seems like a nice entry pt. compared to charts like rimm and bidu at the very top of their channels. Not sure about that large red volume stick,but it broke the earlier box on pretty good volume.

a doji is a neutral signal. A shooting star (gravestone doji) is more of a reversal signal by itself. Although in these markets plenty of candestick formations have been violated. I see plenty of bearish haramis (huge down red candlesticks) go right up the next day and soar.

agree with you there. Would expect it to pull back to the handle base on the weekly,however, considering how it's slamming into the top rail on daily channel.

Is it just me, or are TA charts screaming short ?? This is characteristic of many of the long term charts I'm looking at today.

aapl at all time high rmbs up 20% rimm up 5% gapping up all over the place this is 2000 all over again fed comments this morning were basically saying inflation is a threat simply amazing how many people think this is start of a new bull with no retracement this year?

crm does look like a nice short. Max pain at 40. Of course that's what i thought about the channel break + broadening wedge on QQQQs. Market kindly handed my head back to me. :D Good Luck.

oh, and don't forget that the commercial hedgers have been wrong all year, while holding short positions. Just because they were short in 2000, while speculative funds were at all time highs, doesn't mean anything. And don't buy that yield curve inversion stuff (who makes this stuff up?). Any...

yeah, the rest of the world markets are rallying, just like they tanked along with us around 2000. So you are saying that if US indexes dropped 10k pts tommorrow, the rest of the world would keep rallying? Wake up. And yes, I do believe the M3 supply flows into foreign markets. You actually...

anyone notice these abundant overnight repos financed by the fed at about 10bill/pop, everytime the market rallies on potentially bad fed news? Sort of like a fedex atm for long side traders. "The market rally was fueled by consumers with more cash to burn...." yeah, right.

if someone from the private sector borrows from US to buy imports, and the US in turn borrows from foreigners to finance that individual, then it seems to me that the foreigners are ultimately financing that which the person bought. If we assume that purchase resulted in a trade imbalance (he...

Here's my guess for tomorrow's minutes. "We were pleasantly surprised by plummeting oil prices along with the housing markets as well as the GDP. The yield curve looks fabulous from here and we are happy that everything is just right. The heightened geopolitical risks should serve to...

just be glad you didn't short srs labs last week. Hmm maybe i'll buy some amazon; fundamentals??? Should double in a month ... maybe they'll add it to a new christmas index fund. ouch. Congrats to longs here. looks like that long term cup and handle view just may be coming to fruition.

Should also pont out that the weekly aslo looks like a major cup and handle. The reason I choose to see the more bearish view at the moment, is because of economic/macro environment: 1) yield curve inversion is strong predictor of recession and stock market drop. 2) Large COT commercials...