I'm sitting on my long term shorts. Looking for small bounce here and then resumption of the trend down. There is nothing pretty about this economy right now. Except maybe those 2 million new jobs Obammy created or saved. HA!
Yeah… but he's going to go on a budget next year when the economy recovers! Too Funny! The market is going to take a serious dump in late September, and continuing into 2011. We will take out the March 2009 low in 2011… mark my words.
Wow… what great speak Obama made. I love how he's going to take $30 Billion Dollars that the banks paid back, and re-give it back to them… so they can give out more bonuses… errr, I mean give out more loans! Yeah… right!
He's a great speaker Monica… but so was Hitler! (Not saying he's Hitler… just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses… errrr, I mean loan out more money! Yeah, right!
I use photoshop to make it work. Not all pictures of course, but yes this one I used photoshop. You didn't really think you could find a picture of bush talking to obama… did you? LOL!
We hit an intra-day low of 1083… that might be close enough? So, we could have finished a smaller wave 4 up (inside of the larger wave 1 one down… from 1150-1083) on that pop higher to just under 1100.
If so, then the wave 5 down is finished too. That means that we could be starting the larger wave 2 up (from 1083 to ?… maybe 1120 area). This up move could last a week or more and chop around quite a bit.
So, your downside is severely limited right now. That's why I would get out and sit on the sidelines. If we're not finished with the wave 5 down move, then we could fall to 1080 tomorrow… but it's just not worth the risk (IMHO)
I'm sitting on my long term shorts. Looking for small bounce here and then resumption of the trend down. There is nothing pretty about this economy right now. Except maybe those 2 million new jobs Obammy created or saved. HA!
Yeah… but he's going to go on a budget next year when the economy recovers! Too Funny! The market is going to take a serious dump in late September, and continuing into 2011. We will take out the March 2009 low in 2011… mark my words.
Well in all fairness, he said he would give the money to community banks, not investment banks. Still don't know how feasible that one is.
Just try and count all of the $$ he committed to spend tonight. The printing press will be going non-stop!
Wow… what great speak Obama made. I love how he's going to take $30 Billion Dollars that the banks paid back, and re-give it back to them… so they can give out more bonuses… errr, I mean give out more loans! Yeah… right!
He's a great speaker Monica… but so was Hitler! (Not saying he's Hitler… just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses… errrr, I mean loan out more money! Yeah, right!
Like the explanation – thanks Red. Watching State of the Union address. Anyway, whatever you think of him, he is a motivating speaker.
I use photoshop to make it work. Not all pictures of course, but yes this one I used photoshop. You didn't really think you could find a picture of bush talking to obama… did you? LOL!
Do you photoshop your own photos or was that actually online somewhere
Monica,
We hit an intra-day low of 1083… that might be close enough? So, we could have finished a smaller wave 4 up (inside of the larger wave 1 one down… from 1150-1083) on that pop higher to just under 1100.
If so, then the wave 5 down is finished too. That means that we could be starting the larger wave 2 up (from 1083 to ?… maybe 1120 area). This up move could last a week or more and chop around quite a bit.
So, your downside is severely limited right now. That's why I would get out and sit on the sidelines. If we're not finished with the wave 5 down move, then we could fall to 1080 tomorrow… but it's just not worth the risk (IMHO)
Red