Extremely Intresting Market Still Ahead: We Are At A Crossroad

[atticus]

Quote from Ivanovich:

New highs, they are a'comin!

EU with a trillion more free money. Can't stop the up move.

1100 before 1200. Great Britain needs 1T or more, and they're not even EU.

 

[shortie]

Quote from atticus:

1100 before 1200. Great Britain needs 1T or more, and they're not even EU.

i just need $1M, where do I sign up? i am not in EU either.

 

[atticus]

Quote from shortie:

i just need $1M, where do I sign up? i am not in EU either.

angela.merkel@bundeskanzlerin.de

Maybe she can help. You'll need a fake EU passport.

 

[shortie]

the market seems to like another $1T

 

[noddyboy]

Quote from shortie:

the market seems to like another $1T

long stocks long more gold. either way you win !

 

[Ivanovich]

Quote from atticus:

1100 before 1200. Great Britain needs 1T or more, and they're not even EU.

You're probably right. In fact, of all the posters on this site, you're one I would listen to over anyone.

But there's no harm in buying small positions, and letting them run while the stupidity is in season.

 

[shortie]

"Strong Rally On Weak Volume For Nasdaq
Striking about Monday’s rally was the very low volume in the Nasdaq. It not only fell below the high levels achieved during Thursday and Friday’s wild trading, but it actually posted the lowest volume in over a week. This brought about a compelling study from the May 19,2009 blog post. I’ve updated that study below:"

http://quantifiableedges.blogspot.com/2010/05/strong-rally-on-weak-volume-for-nasdaq.html

notice that as of Wed Close we are actually +1% from Mon Close. So either it is one of those rare instances when the market keeps going up, or we are due for a nasty sell-off in the next couple of days.

 

[shortie]

Quote from shortie:

BTW, tomorrow is an anniversary of 998 pt Drop. Hundreds of copy-cat rogue traders throughout the world will be "fat-fingering" billion dollar sell orders.

Buyer Beware!

no fat finger has been reported so far

 

[shortie]

a quick scan of business headlines reveal no mention of the last week crash at the top of the list. looks like the crash is mostly forgotten already. the media coverage is nothing what i have expected from such a major event.

 

[psytrade]

It's definitely been an inconvenient truth. What about the over leveraged carry traders, daytraders trading 50 lots.... the prop shops, the Margin calls, the Market Makers... surely someone went bankrupt?