Possibility of Market Dump Due to Healthcare Bill

If Healthcare Bill Passes, This Week The Market Will Move...?

  • -5%

    Votes: 33 28.9%

  • -2%

    Votes: 25 21.9%

  • flat

    Votes: 20 17.5%

  • +2%

    Votes: 15 13.2%

  • +5%

    Votes: 21 18.4%
  • Total voters
    114
Quote from canuckrookie:

Look at the dow on the 3 or 5 minute chart. Starting after 3:30 pm Friday it made a textbook double bottom around 10700 and powered higher off that this morning. But now it's after 10:00 so lets see if the real sellers show up today.
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I'm watching the financials, took one small step back at the open and have continuously touched new highs since 9:35 am this morning without the slightest pullback.
 
Quote from S2007S:

I'm watching the financials, took one small step back at the open and have continuously touched new highs since 9:35 am this morning without the slightest pullback.
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Yup looks like the bulls will power this higher no matter what. I just closed my short from Friday.
 
thats it? is that all the pullback we get on health care passing. i was hoping for a several hundred point selloff to rebuy. this market loves what the democrats are doing.
 
Quote from canuckrookie:

Yup looks like the bulls will power this higher no matter what. I just closed my short from Friday.
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Bought FAS 2X today only to make the smallest possible profit and see it run up after selling it. Holding it since my original purchase could have been an easy $300+ profit.
 
Quote from Free Thinker:

thats it? is that all the pullback we get on health care passing. i was hoping for a several hundred point selloff to rebuy. this market loves what the democrats are doing.
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The people hate the health care bill, but wallstreet is in love with it.


:p
 
Quote from S2007S:

Bought FAS 2X today only to make the smallest possible profit and see it run up after selling it. Holding it since my original purchase could have been an easy $300+ profit.
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HA! FAS 3X is at 95 rsi on a 3 min now.
 
Quote from canuckrookie:

HA! FAS 3X is at 95 rsi on a 3 min now.
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Yea its extremely overbought but still rising anyway, I was in and out for a quick trade on the lower opening, but seeing it continue to rise throughout the morning makes me think people are just chasing these overbought stocks thinking they will continue to rise straight up another 200-500% over the next 12 months.
 
Complete melt-up in progress now. Buy everything! :) This is unreal - and sooo easy. Just keep the stops tight and finger on the trigger!
 
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