inside day

L

Lojanica

Today was an inside day on the US Equity indexes. Up to now the 1st 2 weeks of the months have rallied, but momentum has slowed and now we have an inside day during the move-up.

Meaning?

I say we break back down 1 or 2 % then back-up before we break harder and lower the 3rd and 4th weeks of FEB.
 
Quote from Lojanica:

Today was an inside day on the US Equity indexes.

I say we break back down 1 or 2 % then back-up before we break harder and lower the 3rd and 4th weeks of FEB.
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Bingo.
 
SPOOS clearly telegraphed a move to 1000 is in the works as a measured move from 1150 to 1075, 1075 to 1000, the probably 860- 900 as bottom for 2010. Time frame? Depends on the news but these are the levels, Low 860 high 1200 for the next 12 months.
 
Gotta love a board full of perma-bears during a bull market that's on its 11th month now. I can only imagine how badly ET collectively has been brutalized in equities :D

The only bear I'd believe right now is a gold bear.
 
Quote from The Big D:

Gotta love a board full of perma-bears during a bull market that's on its 11th month now. I can only imagine how badly ET collectively has been brutalized in equities :D

The only bear I'd believe right now is a gold bear.
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Um you still a believer after today's close? The VIX is back. dot.GOV is running outta money so support needs to be strategically placed.

Sovereign debt is an issue. What say you now? I shorted today with money in the bank. I called my stuff in advance.
 
Gotta love the BULL tards who are going to be left holding the bag. The market hasn't went anywhere in 5 months. Look at the charts.
 
Quote from Kendall:

Gotta love the BULL tards who are going to be left holding the bag. The market hasn't went anywhere in 5 months. Look at the charts.
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Good call. The forum is strangely quiet -- perhaps there are no traders left.
 
Quote from Lojanica:

Um you still a believer after today's close? The VIX is back. dot.GOV is running outta money so support needs to be strategically placed.

Sovereign debt is an issue. What say you now? I shorted today with money in the bank. I called my stuff in advance.
More...

I'm not a "believer" in anything long term at the moment, other than the aforementioned gold short (which had a banner day). I don't have an equities index position one way or the other for that matter. But I don't believe equities are in for a big collapse in the long run. Every political and economic force you can imagine is arrayed against that outcome.
 
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