Me XMan wrote:I don't think Benny will let market down before election day.
He knows if BO wins and very likely, he'll stay for another term.
SPX could hit 1500 as election day near IMO.
BTW, long SPY $143.60
BullBear52x wrote:Over sold, but no bullish cross on MACD, bear flag still in play. lots of air below 143ish.
Yeap, BO and BEN are tricky ponies no doubt.
My comments are for entertainment/educational purpose only. NOT a trade advice.
a consolidation here before breakout would be perfect.
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Last edited by KeiZai on Thu Sep 27, 2012 11:14 am, edited 1 time in total.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Intraday over bought this morning per UPV/DNV, now if only TRIN can help the bears it will be a good sell. with reading now at .79 bulls are still on a driving seat.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Cobra wrote:testing morning high, a sudden strength, hmm. I'm still clueless.
Thats a symptomn of QEternity... most folks are clueless.
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spain bond yields look ok
supposedly they won't ask for bailout unless they are locked out of the credit markets, which would be above 7% yield (according 2 "experts") http://www.bloomberg.com/quote/GSPG10YR:IND
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I don't like this pullback, void the consolidation pattern. now bears get the ball.
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