The stockmarket is like a Manic Depressive chick.

KINGOFSHORTS · Nov 5, 2009

One day everyone hates stocks. SELL SELL SELL get rid of it.

Then the next day. Everyone love stocks BUY BUY BUY.

With violent moodswings during the day.

Anyone notice this technical pattern?

swtrader · Nov 5, 2009

it's either a relentless grind upwards

or a violent chop downwards

peilthetraveler · Nov 5, 2009

Sometimes its a "sit with your thumb up your ass" day too.

swtrader · Nov 5, 2009

Quote from peilthetraveler:

Sometimes its a "sit with your thumb up your ass" day too.

i hope i never shake hands with you

hermit · Nov 5, 2009

Quote from KINGOFSHORTS:

One day everyone hates stocks. SELL SELL SELL get rid of it.

Then the next day. Everyone love stocks BUY BUY BUY.

With violent moodswings during the day.

Anyone notice this technical pattern?

Auction Market Theory

gucci · Nov 5, 2009

Quote from swtrader:

i hope i never shake hands with you

LOL.

Petsamo · Nov 5, 2009

Quote from KINGOFSHORTS:

One day everyone hates stocks. SELL SELL SELL get rid of it.

Then the next day. Everyone love stocks BUY BUY BUY.

With violent moodswings during the day.

Anyone notice this technical pattern?

It's a head & shoulders in process. Check my thread "Petsamo's Top Call". Why is it that this amateur TA is the only one who saw this coming? I saw it when we were declining from the top of the head.

Petsamo · Nov 5, 2009

I'm also a full time truck driver who trades with his BlackBerry. I'm currently in Mobile, AL. No sign of global warming in these parts.