Could the Market Blast Upwards This Week?

[noob_trad3r]

Looks like Wallstreet is giving Obama admin a vote of confidence.

 

[S2007S]

Because the market isn't up 50%+ from just 6 short months ago. Man are bulls ever so greedy for even more upside in this market.

 

[Petsamo]

The market has a serious problem going higher. In the absence of great news, we're going down. I plan on liquidating my longs at around S&P 1032.

Carl Swenlin believes a serious correction is in order.
http://www.decisionpoint.com/ChartSpotliteFiles/090904_lb.html

 

[MohdSalleh]

anything could happen since there is zero liquidity

 

[number22]

Quote from MohdSalleh:

anything could happen since there is zero liquidity

What heck are you talking about lack of liquidity? Didn't you watch fed fund rate overnight and LIBRO?

Maybe there are less funds/mortgages/loans for average people on the street, doesn't mean there aren't any liquidity in the market.

Yeah, I was shopping for a vehicle before this long weekend, commercial loan rate is 7.99%, so I paid cash for a 2010 vehicle.

 

[Daal]

Quote from number22:

Didn't you watch fed fund rate overnight and LIBRO?

True, they should rename the thing to LIE BRO

 

[Ivanovich]

Quote from Petsamo:

The market has a serious problem going higher. In the absence of great news, we're going down. I plan on liquidating my longs at around S&P 1032.

Carl Swenlin believes a serious correction is in order.
http://www.decisionpoint.com/ChartSpotliteFiles/090904_lb.html

Add Carl to the long (and growing) list of people calling for a correction that has never materialized.

 

[MohdSalleh]

Quote from number22:

What heck are you talking about lack of liquidity? Didn't you watch fed fund rate overnight and LIBRO?

Maybe there are less funds/mortgages/loans for average people on the street, doesn't mean there aren't any liquidity in the market.

Yeah, I was shopping for a vehicle before this long weekend, commercial loan rate is 7.99%, so I paid cash for a 2010 vehicle.

you definitely do NOT trade for a living

 

[noddyboy]

Quote from MohdSalleh:

you definitely do NOT trade for a living

Disagree -- IB is offering margin at less than 2% interest. That is liqudiity right there.

 

[crgarcia]

Quote from Bear Plunger:

Are you guys getting a sneaky feeling that the market could surge higher and RUN higher?

Just wondering what your thoughts are, because I'm short right now.

Many (most) people buy because stocks have been going up recently.

It works until it doesn't.
Then they sell because the market went down.

They buy high and sell low.