There is nothing to talk about. There is nothing to analyze. There are more sellers than buyers today, in most stocks, with exception to the psychopath shareholders bases of AMZN and OPEN. Needless to say, I am not paying much attention to today’s action. If I did, I’d drive myself fucking insane.
Dollar up, commodities down, treasuries down equals people getting nervous and shit. If you are short term oriented, prepare for a pullback and be ready for it. Today’s tepid reaction is nothing, by the way. When the market really “consolidates”, it will trade down 5-10% inside of two weeks.
Bottom line: I am not buying dips, nor am I selling.
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More sellers than buyers? O really.
O’Reilly, Bill O’Reilly.
I’d like to see that pullback, as I am now about 25% cash and climbing.
I will take the long side of any S&P bet. 1250+ by DEC 31. DEC 31st is a Friday and the continuation rally into 2011 will occur the following week.
HOLD your stocks FLYman! Don’t even think about consolidation until March or April 2011.
Santa bubble peaked.
Chicken Little says: The sky is falling! The sky is falling!
Santa Claus says: Shut it cry baby, I’ve got lots of gifts in my sac for all the good little bulls. Now where’s my egg nog?
Buyers are out buying APPL and LULU shit for Christmas presents.
strange action. 3 days of a nice lovely ramp into midday and then a steep dramatic slide in late trading. Maybe too many people have been betting on the santa rally. Last years santa rally was preceded by a generally unpleasant November whereas this one wasn’t.
It seems a large number of pros are also banking on a correction early in 2011, which is sensible enough, I have a mob of stocks bought this summer I’d rather sell after the new year (i’m sure i’m not the only one). But maybe we get something different.
Any thought been given to raising the OB/OS levels in the PPT due to the improved fundamental score and/or the possibility that, as has been discussed inside the PPT forums in the past, the market at different times may exhibit different levels of OB/OS, much as different stocks go OB/OS at different hybrid levels, depending on their general trend and so forth. ?
don’t worry the leader of the USOP ( United States Oligarchy Party ) aka the ben bernak will fix this minor blip… please standby
Our company today posted monsterous profits!
We have a backorder to fill 6 months into next year, which in our industry is unheard of, we tripled our profits this year!
Market is waiting on the morons in Congress to pass that damn tax bill……and the market is aghast at the rate rises.
I increased my EXK position today at $7.0395 by 5%.
Trapping the bears who short. Same game as usual. End of year rally so the Wall Street gang can collect a big fat bonus.
Funny how the shorts don’t learn.