VERY BULLISH Backing and Filling Pattern............
Market has sold off for 5 days straight and you think that is bullish? Fed is not eager to do QE3 and the macro news is aweful. Earnings season is just starting and everything has sold off so far. It's clearly a setup similar to May, probably worse, just a question of when the break happens. Good luck there.
Have you ever heard of a balance sheet? After this reporting season is over the collective balance sheet of the S&P500 will show a continued cash positive trend......this is what stock prices are made of.....larger cash balance = higher stock price.......LEARN!.. YOU DUMMY!
Dummy? You are calling a 5 day selloff BULLISH? Hahaha. As far as balance sheets go every stock that has reported so far for the quarter has been blasted. You are going to see lowered guidance across the board this quarter and that's when the real selling will begin. What a dipsheet. Guys like you get zeroed out and disappear really quick. Buh bye.