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| nikoschopen 2,824 posts msg #61742 - Ignore nikoschopen |
4/23/2008 4:12:37 PM Head & shoulders must be in vogue these days. From the daily down to the 5-minute charts, you see them everywhere. Not incidentally, S&P ended the session with such a pattern on the 5-minute chart. Kill me if I'm wrong but I feel the heat is mounting for the bulls and the market is frankly overhyped, if not overcooked. |
| johnpaulca 12,036 posts msg #61749 - Ignore johnpaulca |
4/23/2008 4:47:30 PM NIKO...I see the vix getting ready to move, ya could feel the market grinding to move higher, couldn't hold 100ema....I am still net short with very few longs. |
| nikoschopen 2,824 posts msg #61754 - Ignore nikoschopen |
4/23/2008 5:12:03 PM Well, stick with me. I'm short all the way. lol |
| nikoschopen 2,824 posts msg #61786 - Ignore nikoschopen |
4/24/2008 2:02:53 PM Congratz to y'all bulls. But I still can't get over the fact that the bears just let the bulls run the market. |
| nikoschopen 2,824 posts msg #61821 - Ignore nikoschopen modified |
4/25/2008 11:24:16 AM A range is created to be bounded―or was that bounced? |
| karennma 8,057 posts msg #61848 - Ignore karennma |
4/26/2008 9:18:29 AM just thinking out loud ... is it possible ... ?? depspite record writedowns by investment bankers, financial collapses (i.e., bear stearns, countrywide, bank closures, etc.) record fuel prices, record commodity prices, food shortages, riots, homelessness, unemployment, record low consumer spending, stagflation (low growth, high prices) .... is it possible ... the bull market could return? |
| karennma 8,057 posts msg #61849 - Ignore karennma |
4/26/2008 12:05:58 PM i just figured out my problem .. buyer's remorse. i took a huge short position yesterday. fear sucks, doesn't it? |
| nikoschopen 2,824 posts msg #61854 - Ignore nikoschopen |
4/26/2008 3:21:52 PM The market sinks in the morning and then quickly rallies in the afternoon. There's no question that these violent, albeit predictable, gyrations are manna from heaven for daytraders. As long as I don't think about the rationale behind these moves I can stay more or less cool. However, this market is fukkkkkkkk'd up to the core. It wants to go up at any cost and by any means!! |
| maxreturn 745 posts msg #61855 - Ignore maxreturn modified |
4/26/2008 4:27:45 PM Patience guys and gals. Back on March 20 I forecasted a highly probable move to retest the 1390-1400 level on the SPX. This was based on the following weekly SPX and VIX chart. Watch this level carefully now. Weaker weekly candlestick this week. Start looking for weakness on the daily chart.  |
| nikoschopen 2,824 posts msg #61983 - Ignore nikoschopen modified |
4/30/2008 3:48:07 PM Love it or hate it, the days are numbered for the bulls. No more free lunch! As you might have guessed, I'm already receiving requests to write their eulogies. lol |
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