Stay Short Econo-news Reports Fri-def. Negative

Quote from BlueStreek:

i think we are already seeing the benefits of "new money" coming in....but the markets are not gaining.....just staying the same......propping it up......and once this stops......all the latecomers buying up the dips........and the market just treads water----then down----and down hard-----basically---the smart money handing off their winners to the ultimate bagholding losers who waited too long to get in on the buffet!
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Maybe. So don't be a bag holding loser:P.

I don't think it will go up indefinitely, but if I were you, I'd be covering shorts on all dips for a while.
 
just a matter of time....oil is inching up.......with the freeze hitting new york....oil will be over 65 by next tuesday......sell-off any day now----just be fast on your exit strategy:)
 
Quote from BlueStreek:

just a matter of time....oil is inching up.......with the freeze hitting new york....oil will be over 65 by next tuesday......sell-off any day now----just be fast on your exit strategy:)
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agree oil to 68+ by Jan.

oil is already making its move. Gas prices near me are already up 10-15 cents in the last 10 days. Closing in on $2.5 a gallon, could be back above 2.75 by early 2007.
 
Quote from TrueStory:

Wrong! Fundamental Analysis does exactly that.
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WRONG! take a look at microsoft the past 5 years...better fundies every year...worst stock price. Walmart has had great fundies until recently...hasnt moved in years..etc, etc.

Fundies alone dont mean anything unless the stock has inst. support and buying pressure.
 
i think we have just seen the influx of "sideline cash" and they pushed the market up........all the way to a lower high....and so now we will get a lower low than we got from the 150 point drop on monday in the upcoming days......so watch for that key technical level of going lower than monday`s 150 point selloff--and 50 plus nasdaq selloff......those levels will be violated in the next 4 days in my opinion---but that is what to look for for those confirmation traders.
 
Quote from BlueStreek:

i think we are already seeing the benefits of "new money" coming in....but the markets are not gaining.....just staying the same......propping it up......and once this stops......all the latecomers buying up the dips........and the market just treads water----then down----and down hard-----basically---the smart money handing off their winners to the ultimate bagholding losers who waited too long to get in on the buffet!
More...

Let me guess - this is the equivalent of a dyed in the wool perma-Bear's ultimate wet dream? :D

TS
 
for the S&P 500 iNDEX 11/22 HIGH 1,407.89
11/30 HIGH 1,406.21=A LOWER HIGH.


11/28 LOW FOR S&P 500 INDEX 1,377.83

SO YOU ARE LOOKING TO BREAK THIS LOW FOR ESTABLISHING A LOWER LOW DOWNWARD TREND
 
Quote from BlueStreek:

it is hard to see b/c this is just the beginning of a possible new trend if my ta is right, but with the month of december, I see a downward trend just starting.
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i think your chart may be a bit premature...you will be right if tomorrow is lower...and it may becuse today was essentially a doji.

I think monday will be a telling day...i personally have been intraday lately...but i am taking the short...and hold plunge though Q1...IF tomorrow is down.
 
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