Search results

If I can make one comment. Everyone is expecting some sort of capitulation. You may not get it since everyone is looking for the same thing. This has been a very orderly decline and that may continue, slow grinddown. To add we have gone down 200 points and no panic.

Any opinions on this afternoon?

Interesting that the futures are holding up, not sure how or why. edit Maybe walmart is helping out

This will not be a normal day, 2 companies with 5 trillions dollars of debt on their books are technically insolvant. Freddie is now down 15% this morning. This is going to be a bloodbath unless the fed rescues them.

Lawrence Watch freddie and Fannie, may cause the panic that everyone is looking for.

IMHO freddie and Fannie are going to lead this market down and then when the fed does something to save them the market will surge. The fed cannot have them go down and have 5 trillion added to the feds debt.

freddie down another 8% this morning...

We are going to get the higher open, then i think they are going to hammer this thing down.

My opinion about this market. Nobody is willing to hold positions for very long so manipulation is very easy. The market will go in whatever direction is most profitable for those with big pockets. Do not fall in love with your position on either side.

Eh no Open higher break down through globex low (stop everyone out, then march this higher and stop everyone on the topside. Easy enough in this market. Freddie has got to be a buy, Federal gov cannot afford to have these to 2 go under and then have 5 trillion dollars in debt added to...

A test of Tues globex low is in the cards thurday IMHO. They will prob try to open this higher and then march it down. Freddie got killed today.Ouch

What will be nice is a strong open to sell into. Taylors work very interesting.

The BS just out of paulsons mouth is sending financials up.

Financial are taking off going to be hard not to go to atleast 77 or 78.

the downturn has been very orderly and has been confined to that daily channel. Going to take a lot to get through and close above. Financials need to take off. channel tomorrow is somwhere in the 32ish to 67 ish area.

that daily channel will be tested again, going to be hard to get through.

there is the 71 66 to 67 will be a good entry for the second test. Financial are coming around which is important. Sold fre at 12.4 and C at 16.7 both too early

A test of the daily channel and R1, they are both around 71, that should be a good sell, no way it will get through the first time.

I bought freddie yesterday, just bought C. They are very nice trading stcoks.

we are in a very nice orderly channel on the daily. We have tested the bottom already, I would expect a test of the top, if financials can behave. I meant up 9.5p in under 7 minutes which ImPO is rapid :) somebody jumped on that possible DT [/B]