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Bullish! Seems like everyone is bearish. Put/Call is too high. A bunch of down days prior to options expiration week. Etc. I think the market is throwing a big fat pitch down the middle of the plate. JMHO!
Interesting, you had touch on the point that we had not entered a bear market yet. The indices are still going sideways in the weekly charts...
However, the dailys are below 200 MA.
It had been sideways ever since I started trading, I wonder if I will ever see a bull market soon...
Posted by: Anonymous at October 15, 2005 06:43 AM
I'm contemplating buying stock in the Brooklyn Bridge.
I think the market is trying to fake a lot of people out. Sure the dailies are below the 200MA but that line that Ugly drew is the "line". If the weeklies blow through that then I believe we are about to enter a bear market.
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TrackBack URL for this entry:
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Comments
Bullish! Seems like everyone is bearish. Put/Call is too high. A bunch of down days prior to options expiration week. Etc. I think the market is throwing a big fat pitch down the middle of the plate. JMHO!
Posted by: muckdog at October 14, 2005 06:43 PM
Ugly,
Interesting, you had touch on the point that we had not entered a bear market yet. The indices are still going sideways in the weekly charts...
However, the dailys are below 200 MA.
It had been sideways ever since I started trading, I wonder if I will ever see a bull market soon...
Posted by: Anonymous at October 15, 2005 06:43 AM
I'm contemplating buying stock in the Brooklyn Bridge.
I think the market is trying to fake a lot of people out. Sure the dailies are below the 200MA but that line that Ugly drew is the "line". If the weeklies blow through that then I believe we are about to enter a bear market.
Posted by: Tom at October 17, 2005 06:45 AM
Houston, we have a problem. Looks like the S&P500 is breaking down.
Posted by: Tom at October 18, 2005 04:05 PM
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