Your post Fed meeting sentiment tomorrow

[chapabranca]

Guys,

Just don't fight with Mr. Market. He is stronger than anybody else. Just follow him wherever he goes. Like a child following his father.

But if i were a analyst, not a trader, i would say that the correction is not over. The S&P500 will hit 1325 before june. But who minds?

 

[Anunakki]

Quote from chapabranca:

Guys,

Just don't fight with Mr. Market. He is stronger than anybody else. Just follow him wherever he goes. Like a child following his father.

But if i were a analyst, not a trader, i would say that the correction is not over. The S&P500 will hit 1325 before june. But who minds?

Totally agree..

I made some $$ going long on AAPL during the rally... Im not that much of an idiot.

Im just saying ( and I think the rest are as well) that this is nothing but a pullback to resistance/fibs.

So the permabulls ( you know who you are) should be careful as the selloff will continue shortly.

 

[Cesko]

Quote from stock_trad3r:

where is he? Looks like we broke resistance..lol

There is a picture of him on page 19.
S2007S good call.

 

[S2007S]

Quote from Cesko:

There is a picture of him on page 15.
S2007S good call.

Good call on the RALLY???


if so thanks. doesnt take a genius to figure the market only moves in one direction... UP.

 

[Cesko]

Good call on the RALLY???

That's exactly what I meant, nothing more.

 

[dtrader98]

Shot a lot higher than i expected. Good thing for stops

Gotta start reevaluating charts and economic textbooks.

Revised chapter:
Worries about inflation are good for the forward looking economy, numbskull. 100% up room no risk.
woo hoo.

 

[phillyflipper]

I really did not expect people to get this selling opportunity. What a break for longs who held out

 

[imbiber]

Quote from phillyflipper:

I really did not expect people to get this selling opportunity. What a break for longs who held out

Even better for the dip buyers.

 

[phillyflipper]

Quote from imbiber:

Even better for the dip buyers.

Yes, dip buyers are king right now.
congrats to all who caught this. But the same people who
pused this up can also be the one's who are now selling before there is time to realize that the S&P is expected to grow at 8%
after growing 15% last year.

 

[lauriston]

My humble opinion is today was a short covering rally. Most blogs and newsletters were very bearish before the Fed statement and I assume they took bearish positions to close afterwards. Well, when that happens, no one is left to short AFTER the statement so the covering starts and takes a life of its own helped by bull traders! Anyway, what more can you expect from the Fed, any Fed? A rally of course...

http://lauristonletter.blogspot.com/