Boy Who Cried Bear Says We Are Going Down

[Eko_Trader]

Quote from Ivanovich:

Now, I'm certainly no expert, but THAT looks like it might have resembled a top.

Amen!

 

[Lojanica]

Quote from Ivanovich:

Now, I'm certainly no expert, but THAT looks like it might have resembled a top.

Yahhhh!!!! Finally. It'll likely tag that price or close to it again so there's no hurry. Next time will be confirmatory as up to now we have just kept climbing rather than hitting the target and reversing.

Nice. I'm doing the short happy dance.

 

[Ivanovich]

Remember, this is a manipulated market. This could be a trap. But it certainly looks like a reversal.

 

[athlonmank8]

Quote from Lojanica:

Yahhhh!!!! Finally. It'll likely tag that price or close to it again so there's no hurry. Next time will be confirmatory as up to now we have just kept climbing rather than hitting the target and reversing.

Nice. I'm doing the short happy dance.

. Can you dumb this down for me . I don't understand the thought-process here

 

[Lojanica]

Quote from athlonmank8:

. Can you dumb this down for me . I don't understand the thought-process here

Umm, I think you're makin' fun of me buttttt,

we hit a major upside target---the main one---the resistance in SPX coming into a timezone---end of QE.

We reversed at the exact price with enough volume and carry through to hint that this is for real and now we need to make another stab--or 2 given we're a couple weeks out from 4/16--4/19/2010. So I think we do a rounding top number without breaking 1150 until mid-april then down to 1050 for a range---1050-1180. Yeah we can go higher into 1200 but I think we're very close in terms of the proper sentiment, price, time, and volume.

 

[shortie]

i asked this in another thread, but no answer. i figured i will ask this here where all the top-notch traders hanging out

Quote from shortie:

anybody else thinks it is possible we will repeat Jan 2010 feat of filling a gap much lower than the top in 2 days?


Dec: gap
Dec-Jan: a major run-up
Jan-21 and 22: 2 days erase 1 month of gains

so far we have:

early March: gap
March: a major run-up (top Mar-25???)
Late March: a few days to erase 4-5% advance????

 

[athlonmank8]

Quote from Lojanica:

Umm, I think you're makin' fun of me buttttt,

we hit a major upside target---the main one---the resistance in SPX coming into a timezone---end of QE.

We reversed at the exact price with enough volume and carry through to hint that this is for real and now we need to make another stab--or 2 given we're a couple weeks out from 4/16--4/19/2010. So I think we do a rounding top number without breaking 1150 until mid-april then down to 1050 for a range---1050-1180. Yeah we can go higher into 1200 but I think we're very close in terms of the proper sentiment, price, time, and volume.

no I wasn't making fun of you. I just didn't understand the 2nd stab at it part. Yes, I agree. Usually you'll see a second confirmation.

 

[S2007S]

Did anyone buy the dip yesterday, markets are skyrocketing again today, that news on the new housing bailout for those who cant afford to make payments because they are unemployed is probably the reason for the boost, that news is extremely positive for anyone who cant make a payment and is now getting more FREE handouts, damn. Anyone who is making their mortgage payments on time a FOOL, stop paying your mortgage and start receiving free handouts, its the only way to do it.

 

[GTS]

Quote from S2007S:

Did anyone buy the dip yesterday, markets are skyrocketing again today, that news on the new housing bailout for those who cant afford to make payments because they are unemployed is probably the reason for the boost, that news is extremely positive for anyone who cant make a payment and is now getting more FREE handouts, damn. Anyone who is making their mortgage payments on time a FOOL, stop paying your mortgage and start receiving free handouts, its the only way to do it.

Unfortunately I can actually afford my mortgage payments and have substantial equity in my house even at lower valuation levels so it looks like the gov't will continue to take my money and give it to stupid irresponsible folks. Unbelievable.

 

[S2007S]

Quote from GTS:

Unfortunately I can actually afford my mortgage payments and have substantial equity in my house even at lower valuation levels so it looks like the gov't will continue to take my money and give it to stupid irresponsible folks. Unbelievable.

Well at least you can afford to make the payments, I believe those who cannot should not be helped out, it has gone way to far over the last few years to keep bailing out everyone and everything, there has to be a stop to all this, but of course there wont be, there isn't any free market, this economy is being stimulated at all ends just to keep it moving along, it has to end somewhere.