When will the bears admit

[Chood]

Quote from Chood:

Assessment: from here, SP will trade lower without more head fakes to and above 1500. Balloon won't pop, only slowly deflate. Stay on sidelines unless red is green for you.

Right for one day and counting. Where's the love?

 

[Chood]

Is this call bulletproof after only 2 days? If yes, thanks to ASX and Nikkei for prompting the instant progress (for those red = green).

 

[Chood]

Quote from Chood:

Assessment: from here, SP will trade lower without more head fakes to and above 1500. Balloon won't pop, only slowly deflate. Stay on sidelines unless red is green for you.

Above is from 3 weeks ago: any dissenters? If so, i.e., if green is green for you, today is a bargain, isn't it? Or are you waiting for even better entries?

My view -- again, dissents welcome -- is that SP trades safely under 1400 within 90 days. Gliding down.

 

[Chood]

Apparently, no one is keen on disagreeing with me. Board is either very wise, and getting wiser, or the wise guys (smart money, in other words) have better things to do.

 

[bh_prop]

Ok, I'll bite - I do not think we trade <1400. Bears have been fed a steady diet of bad news for months and all they've accomplished is 6 months of rangebound trade. Now today they got confirmation of the most widely advertised recession ever and are most likely selling right into the hole.

 

[Chood]

Quote from bh_prop:

Ok, I'll bite - I do not think we trade <1400. Bears have been fed a steady diet of bad news for months and all they've accomplished is 6 months of rangebound trade. Now today they got confirmation of the most widely advertised recession ever and are most likely selling right into the hole.

Yours is a credible comment. I read something similar to it in Barrons over the weekend (after your post). On the other hand -- and this is my view -- rather than a making a landing, price action recently could be another step down in stairs that are longer and taller, i.e., further to travel to reach bottom, than many appreciate.

Speaking of "bite" (as in "OK, I'll bite"), for goshsakes avoid your dentist in the near term. That BX has got to have all of them riled and spoiling for dough. Nothing like an unneeded root canal (and bill or co-pay for it) to hurt your trading day. Puzzled? See earlier posts this thread on dentists and BX.

 

[volente_00]

Quote from Chood:

Above is from 3 weeks ago: any dissenters? If so, i.e., if green is green for you, today is a bargain, isn't it? Or are you waiting for even better entries?

My view -- again, dissents welcome -- is that SP trades safely under 1400 within 90 days. Gliding down.

Hope you are killing it.

 

[stock777]

ok, who farted?


Someone cleared the room of all buyers at 2:30 today.

 

[Chood]

Quote from volente_00:

Hope you are killing it.

Thanks.

 

[Chood]

You mean that they were absolutely positively right, dead on right, bone crushing and blood curdling right, so right they make the Krell appear no better than stunted Mad Money fans, is that what you mean when you ask, "When will the bears admit?" If so, then YES YES YES. And now I'm done, taking the good exit afforded by today's heebies over the primary voting.