NOTHING is reversing anymore..
all bulls are swimming in their blood.
we broke the 11500 level Sanoo.. check the chart.. there is no real support after that lol..
Bye bye CNBC, bye bye Cramer, and bye bye Obumble
9K profit in less than a week.. Sweeeeet.. now I can do some eBay shopping. Cartier Santos 100 XL is my favorite watch.
Still nothing has changed about my prediction, DOW at 7700 by Nov.
Wify, you doing OK dude? LOL, well I suppose you are ;)
abedzaza predicts :
Dow to fall to 7000 in 6 months, from May 2010 ( we are still waiting)
Plus a bunch of other funny prediction (we are still waiting, for those also)
How come abedzaz and wilroids, no longer post ?
Got tired of being wrong ?
Good for U Abe. I held a lot of SDS call options till yesterday and sold them for good profit. But I switched to SSO calls and I am underwater. I am trying to salvage my trade by selling deep in the money some SSO calls. I always said the market has to test 1150 and 1120 but I didn't expect it to go down that fast. Well you win some and you lose some. I guess I was wrong. But I do not share your pestimistic view of the market. I beleive the market will go back up to make new highs this election year.
Well done, Abe!
I feel like there aren't that many bulls in the pool of blood this time, though. The public never got too excited about this rally.
Just sold more SDS calls...these ones are good if the S&P can hold 1080 for 11 more trading days.
I'm thinking that the Friday unemployment report will be decent for a bounce but I'm thinking of shorting the market into the strength of the rally as we are most likely on our way to a double dip recession.......at a minimum, the Euro has been greatly weakened and it will affect China as Europe is China's largest customer. Also, I don't think the rally will be that strong, which will give me even more confidence of shorting.
That would produce a nice candle. The employment report may not have much of an effect even if comes in bad since the market has already come down. But if good...should produce a bounce.