Petsamo wrote:If we finish at the lows, who's placing bets for a gap up ?
How about a bet on a gap down and a run for the doors?
Market is overvalued by at least 10%, and ZH has a story today about SPX 1200 is needed QE3.
If they really need 1200 for QE - they'll take it there. They HAVE to have their crack.
100 SPX points is nothing in the scheme of things, not to these guys.
I'm not 100% long. That's my bet on a gap down. ZH are perma-bears. I try to listen to both sides.
Petsamo wrote:If we finish at the lows, who's placing bets for a gap up ?
How about a bet on a gap down and a run for the doors?
Market is overvalued by at least 10%, and ZH has a story today about SPX 1200 is needed QE3.
If they really need 1200 for QE - they'll take it there. They HAVE to have their crack.
100 SPX points is nothing in the scheme of things, not to these guys.
I'm not 100% long. That's my bet on a gap down. ZH are perma-bears. I try to listen to both sides.
Petsamo wrote:If we finish at the lows, who's placing bets for a gap up ?
How about a bet on a gap down and a run for the doors?
Market is overvalued by at least 10%, and ZH has a story today about SPX 1200 is needed QE3.
If they really need 1200 for QE - they'll take it there. They HAVE to have their crack.
100 SPX points is nothing in the scheme of things, not to these guys.
I'm not 100% long. That's my bet on a gap down. ZH are perma-bears. I try to listen to both sides.
Yeah, both sides = but I find ZH entertaining.
Entertaining? Watching re-runs of The A-Team is entertaining, reading too much ZH makes me want to hide all sharp objects!
almost 100% MM target now. I need see more bars before making my next call.
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If the top chart is right (an A-B-C up finished), then the bottom is too. Or this could be an A-B-C that stops at 1332ish and puts in a try at a new high towards 1375 in an ED. If the first is right then the bulls will hopefully buy like the dot-com people, thinking it's still BTFD and not STFR. Unfortunately, many towns will be then like Stockton and Scranton and "The House of Mirror Game" is over and "The Crying and Shooting Game" begins.