nikoschopen
2,824 posts
msg #53742
- Ignore nikoschopen |
8/1/2007 10:22:52 AM
My feeling is that the market makers crashed the party early to take out the weak longs. Now that they have achieved their goal, the market can only go up IMHO. Moreover, the S&P is at its 200-day moving average, which should not be taken lightly.
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nikoschopen
2,824 posts
msg #53743
- Ignore nikoschopen |
8/1/2007 11:08:15 AM
The S&P futures is currently rebounding after hitting the bottom. Will it go up from here? I have my fingers crossed, lol.
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nikoschopen
2,824 posts
msg #53745
- Ignore nikoschopen |
8/1/2007 11:58:51 AM
Here's a double-shot to my insanity, while you get two bangs for the buck. Would you think I'm more than crazy if I said we will retest yesterday's high? Well, me too. LOL
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nikoschopen
2,824 posts
msg #53746
- Ignore nikoschopen |
8/1/2007 12:14:51 PM
Take note of today's price action to the one two days ago. It looks almost identical! Shall we go ga-ga?
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nikoschopen
2,824 posts
msg #53749
- Ignore nikoschopen |
8/1/2007 2:48:40 PM
Man, what a nauseating day! It looks like the futures are about to venture into new bear country nonetheless. From now on, don't come near me when I give out an idiotic call.
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msummer2007
129 posts
msg #53751
- Ignore msummer2007 |
8/1/2007 4:12:28 PM
I hope this rally continues tomorrow, might be a bit of short covering along with just plain bottom fishing. Good Luck
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luc1grunt
622 posts
msg #53752
- Ignore luc1grunt |
8/1/2007 4:23:00 PM
Nice recovery at the close though NIKO....I sat on my hands ALL DAMN DAY!!!!!
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nikoschopen
2,824 posts
msg #53753
- Ignore nikoschopen |
8/1/2007 4:48:53 PM
I unwillingly whipped out a buy order just before the closing bell. So I'm vainly wishing and praying for the futures to head much higher in the after-hours session. Be that as it may, I intuitively feel that the market will head higher for the next few days before it caves under its own weight. But, then again, don't ever take my word at face value. :)
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nikoschopen
2,824 posts
msg #53763
- Ignore nikoschopen |
8/2/2007 10:12:36 AM
Unwilling or unwitting, call me a doting idiot. I gave back much of my profit yesterday, and the market is happy to continue that trend today. Well, it's still better than carrying a bag of losses. Go figure. Tough market by all means.
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nikoschopen
2,824 posts
msg #53764
- Ignore nikoschopen |
8/2/2007 10:52:38 AM
Man, just where are all those eternal optimists like Mary4Money? Why aren't they stepping up to the plate? LOL
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