Kudos to MMs

As I write this, NQ green. The market appears to have lots of support at or near here. Reiterating, while there is no reason to go long here, shorting imo is extremely dangerous.
 
Quote from gobar:

do u see H&S pattern on 60 min chart...if it breaks 800
739-750 will be the next target..
More...
I do see a wedge pattern. While we have not broken it yet, and the market forces appear relentless in trying to break support here, SPX holds against all shelling.

I agree though, if we break this area (800 ish to 805 ish), I don't see how a retest of the lows can be avoided.
 
The news that was disseminated a few minutes ago, that TARP companies will not be allowed to issue dividends or buy back stock, is being taken very hard.

In my strong opinion, we are going to test 800 in the next few days given the above news. The only positive imo is that NQ is holding tough.
 
Nitro is as lost as ever. nothing like reporting the news after the fact to stroke his moronic ego.

Nitro, get a real life .
 
Quote from nitro:

The news that was disseminated a few minutes ago, that TARP companies will not be allowed to issue dividends or buy back stock, is being taken very hard.

In my strong opinion, we are going to test 800 in the next few days given the above news. The only positive imo is that NQ is holding tough.
More...

http://www.indexindicators.com/charts/sp500-vs-put-call-ratio-equity-20d-sma-params-3y-x-x/

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http://www.marketwatch.com/tools/quotes/options1.asp?symb=SPY&sid=9864&dist=TQP_Nav_options

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http://www.marketwatch.com/tools/quotes/options1.asp?symb=GS&sid=147544&dist=TQP_Nav_options

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http://www.marketwatch.com/tools/quotes/options1.asp?symb=C&sid=117685&dist=TQP_Nav_options

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USD / JPY action

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ZBH9 action


=

result.
 
Quote from bighog:

Nitro is as lost as ever. nothing like reporting the news after the fact to stroke his moronic ego.

Nitro, get a real life .
More...

Actually, that was a really good call.

Don't be bitter because you got wacked being long shortly thereafter.
 
Quote from nitro:

The news that was disseminated a few minutes ago, that TARP companies will not be allowed to issue dividends or buy back stock, is being taken very hard.

In my strong opinion, we are going to test 800 in the next few days given the above news. The only positive imo is that NQ is holding tough.
More...

At the time of nitro's posting, SPs were 855. Was a great call if you ask me.
 
Quote from bighog:

Nitro is as lost as ever. nothing like reporting the news after the fact to stroke his moronic ego.

Nitro, get a real life .
More...


If you don't like nitro's calls...don't read them!


ps: The way you are writing is...at least ...disgusting!!!
 
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