Smart money may have bought this dip. I hope not...cuz a lot of shorts piled in , and we know how that turns out. I hope we get many more days like this. Bears make money, bulls make money. And of course, we make bacon out of the pigs.
Agreed and Done.
Edit: NQ is one weak monkey tho.
Edit: I hope Proximo help his shorts until now
EDIT: IF 80 holds, there's a larger H&S play at 1199.75/1200. I wouldn't be surprised by run-up there off the back of GS numbers tomorrow as well as a rebound today.
Isn't the fraud related to misrepresentation? It's not about whether GS was long or short the CDO. They told investors that Paulson was long AND still long the CDO when in fact he was short and remained short.
Moreover, Goldman claimed to be long the CDO and lost $90m on that trade. (BTW...
If we stay in this range. I can pretty much guarantee more selling. If there are bulls that haven't gone 100 long yet. They need to move their butts now and buy this thing to 97-98
Just imagine you're a football coach. You see a certain formation....BOOM!...the opponent burns you hard.
You see the same formation again....BOOM....you're burnt again.
Now what will you do when you see that formation again? You either pack up and go home, or adapt. This boyz have been...