nikoschopen
2,824 posts
msg #53465
- Ignore nikoschopen |
7/25/2007 12:00:03 PM
It's likely although it's not gonna be an easy one as witnessed in the previous monster rallies that followed a selloff. Personally, I'm forecasting a 10% correction for Dow and S&P in the near future. But then I've been wrong on soooooo many occasions, as you may already know, that I can't even take my own words seriously lol.
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nikoschopen
2,824 posts
msg #53466
- Ignore nikoschopen |
7/25/2007 1:18:50 PM
It looks like the bears are done taking all the crap from the bulls. It ain't looking very pretty from my side of the stockland. LOL
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msummer2007
129 posts
msg #53469
- Ignore msummer2007 |
7/25/2007 1:31:42 PM
Seems to be strong selling on every rally today, and the lows are deeper. There is no serious buying either. Traders are on the sidelines waiting for the dust to settle.
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nikoschopen
2,824 posts
msg #53470
- Ignore nikoschopen |
7/25/2007 1:33:16 PM
While the Dow could go down as low as 13,550, it's more probable to close near the 13,600 area. Just my worthless 2-cents.
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msummer2007
129 posts
msg #53471
- Ignore msummer2007 |
7/25/2007 1:36:59 PM
If you hit this low on the head we are going to start calling you "Svarmi" distant relative of you know who, twice removed.
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nikoschopen
2,824 posts
msg #53472
- Ignore nikoschopen |
7/25/2007 2:00:19 PM
Thanks in part to Bernanke & Thugs, perhaps? LOL
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nikoschopen
2,824 posts
msg #53474
- Ignore nikoschopen |
7/25/2007 2:09:23 PM
Traders aren't going to buy their pitch so easily this time around. Come to think of it, Fed is no different from any other lagging indicator.
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msummer2007
129 posts
msg #53475
- Ignore msummer2007 |
7/25/2007 2:16:39 PM
It's hilarious and telling, how a considerable amount of Stockfetcher posters in reference to financial media personalities,CNBC in particular, have tremendous disdain for them(myself included). They are puppets on a stage, or rather hired guns for the MM to use at their disposal.Call me cynical, but I believe most of what they say is orchestrated, and timed to perfection. Any thoughts?
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mrbobolina
19 posts
msg #53479
- Ignore mrbobolina |
7/25/2007 3:52:56 PM
Although precicely timing the market is impossible, I keep "buying puts" in my back pocket. If you're into options, that's like shorting the stock, for those of you who don't know. For what it's worth...
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nikoschopen
2,824 posts
msg #53480
- Ignore nikoschopen |
7/25/2007 4:00:40 PM
So much for my third-rated "swarmi" insights. Call me a postmodern misfit―twice removed.
Be that as it may, I'm not too sure about this little pep-rally staged by the matrons of "bulls rule". It looks highly suspect, but what do I know.
As for the Beige book and its openly disdained authors, ure guess is as good as mine as to who they rub their elbows with, but what you say is prolly more true than otherwise. Well stated.
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