Gaddafi is a USA pawn just like Saddam.
We put them there to control the region.
We will put a different pawn there in near future.
Same game different pawns.
uempel wrote:Some guys want the market to close above the 20 DMA, and I guess they'll succeed (DMA 20 now at 1322.33).
That's fine with me, my only wish is that Gaddafi does not succeed... I'm not politically involved, but that guy is really nuts. Can't imagine how it must be to live under the yoke of a dictator who's crazy.
Furthermore I don't want oil to explode to the upside...
Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
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Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
should we wait for monday to reach 131 to start buying?
The good news today is I finally see some discussion here and now we're on page 9. Thank you guys!
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Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
should we wait for monday to reach 131 to start buying?
I won't buy. Trend is not clear.
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Cobra wrote:Well, a big mess today. Here is how I read the market, there's no lower low and the selling becomes weaker and weaker while dip buyers bocome more and more aggressive. So that's why I said bear need a strong follow through the next Monday.
I will hold some shorts over the weekend since many are in the money. big bear flag can gap down huge monday.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Support + volume surge, I'll say a rebound here (intraday).
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SPX seems to be mimicking the OIL patch. Financials are dragging it back from further advance. Someone needs to kickstart the XLF before we set new highs, IMHO
Well, like I said, bears are losing the battle, dip buyers are more and more aggressive so the lower is higher and higher. If no follow-through the next Monday, then bears are over again. I think that's it for today, thank you guys, see you the next Monday.
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