Dear Readers, See JD's call In Posting Limits Below. So far, excellent. Good Trading
11 comments:
Anonymous
said...
Good Morning Boris.
OK...so top right around here then a dip down for week or so then up again toward end-of-month then down-we-go - all the same markets - someone pricked the china balloon.
info from around the web.... Bob Carver says: "As the formerly lagging blue chips (Dow Industrials) soar into record territory virtually day after day after day, they are head-faking the public into turning bullish. This is a sure sign that once the investing public (perpetual rubes when it comes to investing) are all loaded up with expensive shares, the trap door will be dropped by the smart money and those poor souls will be swimming underwater once again. The investing public is so impressed by higher prices on the Dow that it very dutifully "herds" into the market, lining up for the slaughter." Carl Futia says" "The Spiders are on their way to support near 149.00 and the futures should drop to support near 1494. From those levels I expect the market to start a rally which will carry the futures to 1538 and the Spiders to 153.30."
Dear Sqroot thnaks for updates. As indicated to Danno, we need to monitor our daily signals and see what we can do about making money. I agree that we are in the last days of the hoopla though. GOod trading
11 comments:
Good Morning Boris.
OK...so top right around here then a dip down for week or so then up again toward end-of-month then down-we-go - all the same markets - someone pricked the china balloon.
Sound fair??
info from around the web....
Bob Carver says:
"As the formerly lagging blue chips (Dow Industrials) soar into record territory virtually day after day after day, they are head-faking the public into turning bullish. This is a sure sign that once the investing public (perpetual rubes when it comes to investing) are all loaded up with expensive shares, the trap door will be dropped by the smart money and those poor souls will be swimming underwater once again. The investing public is so impressed by higher prices on the Dow that it very dutifully "herds" into the market, lining up for the slaughter."
Carl Futia says"
"The Spiders are on their way to support near 149.00 and the futures should drop to support near 1494. From those levels I expect the market to start a rally which will carry the futures to 1538 and the Spiders to 153.30."
Dear Danno, sounds good to me. We must watch our limit numbers for selling/buying opportunities... GOod Trading
Dear Sqroot thnaks for updates. As indicated to Danno, we need to monitor our daily signals and see what we can do about making money. I agree that we are in the last days of the hoopla though.
GOod trading
re Buffett
Remember Cash is also a position.
Dear Garth, Got that right. And you may just want to bluff about spending it when you really want to keep it...
Good Trading
Hi Boris,
STH's Hit at 06:45 PDT
NYSE 9801, S&P 1511
Looking for Test of:
S&P: 1501.56, DOW 13440.25 NAZ 2250.25 by 09:15 PDT
JIM
TYPO: NAZ test at 2550.25
JIM
At 08:02 DOW dipped to 13340.25
as N100 and R2k dipped to 1892.25 and 826.56
Looking for a DT on the DOW by 09:45PDT
JIM
DOWN SHE GOES; Looking for STL AT
NAZ: 2537.64
S&P 1501.56
JIM
Looking for DOW TEST of 13282.56 by
12:12 PDT
JIM
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