futures leaving bulls dismayed

[S2007S]

Quote from polpolik:

Man, they're really tearing the hearts of bulls today... could capitulation be close at hand? I think this is more along the lines of LTCM than dotcom crash.

Capitulation should have occured months ago, the dow should be sitting even lower than it is today, the only reason why its propped up above 11500 is because of all the money that was thrown at the market the last 12-18 months. They are trying to save a market that has been in trouble for the last 2 years, its not working now since everyone realizes its alot worse than they thought it would get.

I remember some fools saying that the subprime problems WOULD NOT SPILL over to other parts of the economy, HELLLO, these are people who write the books who have been studying this type of thing for years, how the hell could these credit problems not spill over, its only going to get worse.

 

[S2007S]

Quote from polpolik:

You underestimate this bull too much. Look what happened to you last year. Tread with caution, pump. The market isn't this transparent, it's meant to screw the most people.

I have underestimated the bull since I started posting in 2006, I was bearish then and I was bearish at 14k, its time to underestimate the bull and understand bubbles to deflate and eventually the market does turn bearish when you least expect it.

 

[polpolik]

Pump, I told ya the bull isn't dead. Watch HSI tomorrow tack on another 1,000 - 2,000 points.

 

[saxon22]

Quote from NY_HOOD:

after rallying from the lows yesterday on a rate cut and all the wall street pumpers talking about a bottom,todays action in the futures must be disheartening to the bulls.just goes to show,the market does what it wants and i believe the market is telling us there is much more downside. any opinions?

You were saying .......

Futures in green 1330's as I print this DOW up over 150.

 

[andrewbee]

Quote from NY_HOOD:

"meant to screw people". that is true.

I concur. 90% of the time, it moves in such a way as to fake people out, take out their stops and then reverse. It is one tricky mofo. Kudos to anyone who can come out profitable at the end of the day, whatever techniques they use.