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Transocean Ltd. Message Board

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  • chachachia34 chachachia34 Aug 27, 2012 6:50 PM Flag

    seems to me there is a lot of resistance at 49-50

    so if someone's opinion doesnt match YOURS, you make fun of it? Real mature. All you need to do is look at the signs. If yo are willing to ignore them, thats your choice. Market has been melting up for weeks, and all on negative news. I am also in the camp that the market will correct nicely in the coming months. S&P will be at or under 1300 EOY and DOW at 12000. Getting ready to take a small position in SDS. What that does to RIG is beyond me...I just trade it.

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    • not making fun of it, but guy is calling for a 1000 pt DOW drop. Market HAS been melting up for weeks. So what? We are in the era of no-volume algo melt-ups. What makes you think it won't continue for another month, two months, two years? You don't know and neither do I.

      This is the Fed's world, athe market is the HFT traders' highway and everyone else is just a hitchhiker hoping to get a ride and not be run over.

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