Not B.S. article, but the $ amount originally reported was not what seems to be. That's why the quick sell-down.
OK, I can't find the CNBC reference online.
What is the actual amount and is it a done deal?
Dang. They just talked about it again (on TV; not online). They again said the $ amount is not bullish as Guardian article stated. Our phone rang and I didn't catch the exact amount. I'll get back to listening, but Maria Bartiromo stopped speaking and they moved to someone else. I truly wouldn't give you all this news unless I heard it myself. I do need to get you the $ amount difference.
Here is an article, guys, that discusses the program.
let's see how market close. any "opportunity bears" being forced to cover.
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guys, I clearly said before the price surge: the 1st up leg since the Oct 4 wasn't over yet, right? That made my day!
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Petsamo wrote:Question for tomorrow: If we gap up like I suspect, do we press the sell button at the opening bell?
Would seem to me that a higher high is all but guaranteed at this point.
yes, more up ahead!
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Cobra wrote:no valid breakout, just a spike. let's wait for the dust to clear up.
If you look at the Bollinger Bands historically, a close outside of bands for 1-3 days has often led to a short-term trend reversal. The bulls should want a short-term pullback not a surge from here.
Last edited by ActiveTrader on Tue Oct 18, 2011 3:58 pm, edited 1 time in total.
hmm, indeed the close is interesting, instead of bears giving up, it's bulls.
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well, guess that's if for today. life is full of surprise, there's nothing guaranteed in the stock market. I need dig more tonight. thank you guys, I'll see you tomorrow.
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<guys, I clearly said before the price surge: the 1st up leg since the Oct 4 wasn't over yet, right? That made my day!>
Is the first leg up over now with today push?
Exactly! As I was reporting from CNBC, the $ amount was incorrect. They're still talking about it now. They're saying that the $2T reported is "totally incorrect".
STC wrote:<guys, I clearly said before the price surge: the 1st up leg since the Oct 4 wasn't over yet, right? That made my day!>
Is the first leg up over now with today push?
No.
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