I sense a rally in the market

trickshot · May 9, 2012

Quote from FreakofNature:

It's a no brainer, as long as interest rates remain at record lows pullbacks will be bought.

You can complicate it all you want but that's the truth of the matter, Bernanke is forcing investors to go the dividend way or in cases where the stomach is strong, more volatile equities; either way the Fed is in command, follow big money, they are the biggest money.

News cause upside and downside, nothing new here but the overall trend whether you like it or not, understand it or not will remain up as long as Bernanke wants it up.

No reason to complicate it.

Yes I think the fact that the yield on the 10yr is now well under 2% must have something to do with the stock market's resilience of late, there is simply no more money to be made in bonds, its a hobson's choice.

bwolinsky · May 9, 2012

Go down and stay down!

I've been short since NQ was at 2732.50 April 27th.

When markets fail to make higher lows.

FreakofNature · May 9, 2012

Quote from bwolinsky:

Go down and stay down!

I've been short since NQ was at 2732.50 April 27th.

When markets fail to make higher lows.

Considering your performance on those places you advertise your trades you being short is a breath of fresh air for my longs.

bwolinsky · May 9, 2012

Quote from FreakofNature:

Considering your performance on those places you advertise your trades you being short is a breath of fresh air for my longs.

Not really.

When breaches to lower lows happen, they tend to keep happening, and that is the trend temporarily.

We are not oversold enough to see any kind of rally. I have trail stops in place for that scenario.

Looking for the market to make another breach lower low before bouncing back into the uptrend.

After the market made these new lows, the next oscillation was a lower high, meaning there is more likelihood of a decline before there can be a rise.

hajimow · May 9, 2012

Everyday has its own character but I say tomorrow should be interesting.

bwolinsky · May 9, 2012

Quote from hajimow:

Everyday has its own character but I say tomorrow should be interesting.

Yes, we see 2580 on NQ, Apple below $550.

Interesting indeed.

atticus · May 9, 2012

Quote from bwolinsky:

Yes, we see 2580 on NQ, Apple below $550.

Interesting indeed.

AAPL below 550 tomorrow? loool

bwolinsky · May 9, 2012

Quote from atticus:

AAPL below 550 tomorrow? loool

Well, the Apple below $550 won't happen, but 2580 will.

SteveNYC · May 9, 2012

Quote from hajimow:

Everyday has its own character but I say tomorrow should be interesting.

going to prognosticate.

furious rebound on the horizon.

bwolinsky · May 9, 2012

Quote from SteveNYC:

going to prognosticate.

furious rebound on the horizon.

Like the 9:19 buy yesterday followed by 1% down?

We're not to an oversold level, making you early, once again.

If those of you long don't see the price pointing negative third percent, the chances that you can prevent it from declining further are as about equal to having $5.75 billion.