I wonder why they don't just let it run up already. Maybe to give shorts hope or drag in new shorts who think it topped out. There are always people calling tops and bottoms. That's what makes a good trading stock.
Don't worry, more retail shorts WILL jump in because they are SURE it must go down after a 4% rise yesterday...that's the trap. And they will be the ones buying at higher levels pushing it up. It's human nature. I think like that myself. But I've beaten down and cried uncle way too many times to continue that path.
Me or any bloke talking on this board won't make a bit of difference. It's human nature...
Play to win!
...with lesser distributed purchases lower and no buys above. Looks like they're trapping the shorts again. I would've thought that there would have been bigger buys down at the low 36's. We'll see soon enough.
There's ALWAYS gonna be a "positive spin". The president, FED, Secretary of Treasury, and Congress ALL believe that if everyone keeps saying and painting a pretty picture of a recovering Economy, it eventually will be. The alternative (reality) is too hard for anyone to face. The DOW won't crash unless the American Economy crashes...that's a SCARY thought that not many people truly consider with all of its ramifications.
Ben won't say anything bad about past, present, or future...he can't. That would mean he and everyone else has been wrong about their approach to the overall economy...NOT gonna happen!
...it's starting to reflect the stupidness of the economy. For example, if the stock market really reflects the economy, we should be 100% more wealthy than we were at the 2009 lows...NOT!
Event Date Event Opportunity Type Price Period
Jun 10, 2011 Commodity Channel Index Short-Term Bearish Weekly
Jun 10, 2011 Price Crosses Moving Average (200-day) Long-Term Bearish Daily
Jun 06, 2011 Double MA Crossover (21-day 50-day) Short-Term Bearish Daily
Jun 03, 2011 Price Crosses Moving Average (21-week) Intermediate-Term Bearish Weekly
Jun 03, 2011 Williams %R Short-Term Bearish Weekly
Jun 03, 2011 Commodity Channel Index Short-Term Bearish Daily
Jun 03, 2011 Diamond Top Long-Term Bearish Daily
Jun 03, 2011 Momentum Short-Term Bearish Weekly
Jun 01, 2011 Price Crosses Moving Average (50-day) Intermediate-Term Bearish Daily
Jun 01, 2011 Price Crosses Moving Average (21-day) Short-Term Bearish Daily
May 16, 2011 Short-term KST Short-Term Bearish Daily
Mar 11, 2011 Intermediate-term KST Intermediate-Term Bearish Daily
5% down in Japan is nothing considering what happened over there. Probably no effect on Q's...maybe an initial head fake.
Many keep comparing how we are going to be just like Japan...but so far it doesn appear so. How long after the Japanese QE did the Nikkei finally start retracing? By looking at the chart, it looks like it took an immediate reversal, which is not the case for the Dow, the S&P, nor Nasdaq.