| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 543 544 545 546 547 ... 1903 >>Post Follow-up |
| karennma 8,057 posts msg #91716 - Ignore karennma |
4/27/2010 4:01:31 PM Geesh! That was a big drop. I almost puked up my kung pao broccoli and peanuts! |
| straken 469 posts msg #91718 - Ignore straken |
4/27/2010 4:15:36 PM (the market WAS a "little" overbought, dontcha think?) Yep! No upside left because it is so overbought. Ditto JPs "its about fricken time" Now that a little volatility has returned the opportunity presents itself for fast movers. And I really dont care who is president, all politicians are crooks......but its not obama or the the thieving democrates who have revived the market. Given time the market will correct itself. If you will notice for the past three quarters company's are hitting the profit mark but missing the bottom line. This is because they are able to move pre 2009 inventory at 2010 pricing with a large reduction in cost of labor. Profit still there but missing sales targets. I assure you this will not last forever. I guess whether you like or dislike the current administration depends on if you want your kids to have jobs, which is presently in shortage and will be for some time with 13 trillion of debt. America will be the new mexico, if thats what you want....then yes, thanks obama. |
| straken 469 posts msg #91719 - Ignore straken |
4/27/2010 4:34:25 PM PSYS will soar... and uh.. thanks obama |
| johnpaulca 12,036 posts msg #91731 - Ignore johnpaulca |
4/27/2010 10:08:55 PM It was an absolutely spectacular day for day traders, great swings, up and down. You seriously need to look at your day trading system if you didn't make money. After a big down day like today I will be looking for a sympathy bounce. |
| johnpaulca 12,036 posts msg #91757 - Ignore johnpaulca |
4/28/2010 8:02:51 PM Now we got the sympathy bounce, what now??? more selling. |
| straken 469 posts msg #91759 - Ignore straken |
4/28/2010 8:56:52 PM johnpaulca 4/28/2010 8:02:51 PM Now we got the sympathy bounce, what now??? more selling. ============================================= On Apr 26th over 42K of the SPY May119 puts were bought. Best I can tell less than 5K of those came back today. Shorts where strong in many bellweathers with little cover even with the weaker VIX. Just MHO, I think tomorrow will run + 30 to 45 DOW, 3 to 4 S&P til about the midday lull, and then we retest the 50 DMA |
| Eman93 4,750 posts msg #91763 - Ignore Eman93 |
4/28/2010 10:41:54 PM johnpaulca - Ignore johnpaulca 4/28/2010 8:02:51 PM Now we got the sympathy bounce, what now??? more selling. ================================= We shall see....... I reloaded some TZA but sold most of it near the close made a dime.....still holding a small amount if you look at the RUT a break below 719 would be nice current resistance at 726... the RUT is still above the 20ma on the daily. Get your crystal ball out....... is there some rule about shorting in a strong uptrend......like thou shall not...... |
| Eman93 4,750 posts msg #91765 - Ignore Eman93 |
4/28/2010 11:13:49 PM |
| johnpaulca 12,036 posts msg #91770 - Ignore johnpaulca |
4/29/2010 12:15:31 AM Eman: Crystal ball is telling me this is nothing more than a pullback. Trend is still up, lot's of new highs are being made. In every market they are shorting opportunities like yesterday and today.  |
| Eman93 4,750 posts msg #91772 - Ignore Eman93 |
4/29/2010 12:34:05 AM Nice Chart..... A test of the blue line seem probable........ big gap down? Is that ma79 or wma 79...... or a possible head and shoulder formation.... the upper line getting some significant downward curve... Weekly and daily charts of the SPX matching up bearish signals.... |
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