nikoschopen
2,824 posts
msg #62120
- Ignore nikoschopen |
5/4/2008 2:01:19 AM
JP, Nice analysis. Although I don't follow VIX personally, it's a convincing argument nonetheless. Another reason for a reversal is that $SPX is nearing its 200-day moving average, which will be fought tooth and nail by the bears. This would be like ure wrestlemania cage of death match.
Karen, we haven't even gone through a capitulation process. If you revisit every one of them bear markets in the past, you'll notice a period of long drawn-out capitulation before it was able to pick its ass up. I haven't seen that yet, have you?
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karennma
8,057 posts
msg #62123
- Ignore karennma |
5/4/2008 8:45:07 AM
johnpaulca
johnpaulca 5/4/2008 12:58:05 AM
Amateur-Investors:
================================================
"Amateur-Investors"...???
Thanks, John.
I guess you HAD to put that there .. to make me feel better?
It must be very gratifying for "pros" like you to kick a gal in the face when she's already down.
I'd already learned my lesson, but thanks for the reinforcement.
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johnpaulca
12,036 posts
msg #62124
- Ignore johnpaulca
modified |
5/4/2008 11:10:01 AM
Karennma:
"Amateur-Investors" is the name of a newsletter...I don't judge people because we "all" make trades we are not so proud of...you will get your groove back...cheers.
P.S. I am no pro, just a student of the market.
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nikoschopen
2,824 posts
msg #62126
- Ignore nikoschopen |
5/4/2008 3:17:41 PM
JP,
To minimize any useless misunderstanding, you should quote ure source in the following format, preferably with a hyperlink:
(Source: Amateur Investor)
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nikoschopen
2,824 posts
msg #62140
- Ignore nikoschopen |
5/5/2008 10:24:38 AM
S&P futures went all the way down to 1400.75 in the overnight session. It's my feeling that we'll retest this low as SPOOZ currently is faltering.
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nikoschopen
2,824 posts
msg #62145
- Ignore nikoschopen |
5/5/2008 11:07:02 AM
Although unlikely for now, if we manage to fall below 1400 we could easily take this market down to 1390 where the previous major support lies. But the bulls, being who they are, will stand their ground at 1400. Let the battle of Alamo begin!
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nikoschopen
2,824 posts
msg #62168
- Ignore nikoschopen |
5/5/2008 3:06:07 PM
This has got to be the lamest market following the inverted head & shoulders breakout. Where's the beef?!
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johnpaulca
12,036 posts
msg #62172
- Ignore johnpaulca |
5/5/2008 4:14:58 PM
The beef is in the buns, severed with a nice cold brew...LOL
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nikoschopen
2,824 posts
msg #62174
- Ignore nikoschopen |
5/5/2008 4:41:51 PM
Well, I guess they added too many slices of cheese because I find the whole drama a little cheesy for my taste. Truth be told, after all this time, I still can't stand the taste of the market.
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nikoschopen
2,824 posts
msg #62223
- Ignore nikoschopen |
5/6/2008 12:30:01 PM
I ain't sure whether this "spike" is news-driven or merely a technical bounce, but I'm short from 1415 with tight stop.
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