Joined Nov 11, 2007
1,458 Blog Posts
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I voted bounce, but I had to give it some thought!
What do you think Shed? I feel everybody is waiting around for the woosh[sic] still have a long way to go for that. I’d say Cliff Dive with heavy PPT help to follow.
I think we will see a relief rally tomorrow. There has been a ton of carnage the past week and nothing goes down in a straight line. I went long a few names at the close which, of course, I might live to regret.
I still want to short the living dog shit out of MER and will do so tomorrow if the financials bounce.
Neither, it will be like tobaggonning down a slippery wet muddy hill, without the tobaggon. (I’m not quite sure how to spell tobaggon.) A cliff dive would be too neat. Like a cat, the market is going to play with it’s food before eating it.
One thing I notice is that there didn’t seem to be much fear out there today. The VIX didn’t have much of a move at all considering the amount of selling today, and the put/call was only 1.2, high but not extreme. There seemed to be more fear Monday afternoon. We’re not extremely oversold, so I am leaning toward more downside, which probably means we will rally powerfully.
I vote that Wood should make his top pick FXP again.
Seriously.
We should bounce – that is why we will cliff dive. The NASDAQ McClellan Oscillator is at a -49. Bounces occur in the -35 to -50 area, but we got to a -75 last August.
I posted about it tonite in my blog.
I voted cliff dive, but I will actually be positioned for a bounce. I’m going to let the indicators override my intuition, but with small positions…just in case.
lol @ Fly. Yep. Early call on that one.d
Boca, good analogy, re: the cat.
woodshed , citigroup and lehman brothers as well as washington mutual suffered today . I can pick tops but
I CANT pick bottems, technically we could pull back tremendously and take out january all it takes is a lock limit up in oil or a surprise. Up the ladder and down the chute..weeee
I vote that Wood should make his top pick FXP again.
You mean “short FXP,” right?
That might just be workable tomorrow.
For a brief respite only, though.
I vote my interpretation of the iBC machine which is that we will be mildy positive or negative. Up 65 down, down 65. That wasn’t an option so I picked bounce.
Some T2’s as other mentioned are near oversold, but they could go a little further.
Bounce!
Like one of those old school superballs, where it’ll ram back up to the most recent high and then probably do a slide like air out of a kid’s balloon after the party.
It’s not mid June yet but, looks like it’s going to be a long summer.
I voted bounce. Fucking suckers bounce. Mother market likes to Fuck people like that.
No bounce on Friday, friend-oes. Just not going to happen. Got longer FXP today after selling most last week. If you short FXP now you might as well part your hair with my shotgun.