dow 12,400 down to 12,000, that’s all the feb pullback there is–if true, that sucks. looks like its buy the dips, and sector rotation again. say it isn’t so
Red, shorts are were at record lows, before move started…Shorts were burned so many times, and now, all are taking any profits very quickly…thus, I don’t think you can count on any major short squeezes any longer… Also, overall economy picture is becoming clear to all…there was no recovery for anybody, but bankers bonuses (banks are still loaded with crap, so they didn’t recover)…food riots will put stop QE3…also, government is likely to shutdown next week…
What will move this market lower are margin calls…Margin calls will undo any POMO coming in…plus, POMO has no strings attached, so banks will be looking to preserve liquidity, not buy more stocks, if we start moving down
they first started a rumor that Gadaffi was dead, then followed it by raising margin requirements on brent and now to be followed by WTI then metals
Bastards are just thugs in a suit … Fork them all
dow 12,400 down to 12,000, that’s all the feb pullback there is–if true, that sucks. looks like its buy the dips, and sector rotation again. say it isn’t so
Long NEM 54.6, don’t tell anyone.
Red, shorts are were at record lows, before move started…Shorts were burned so many times, and now, all are taking any profits very quickly…thus, I don’t think you can count on any major short squeezes any longer… Also, overall economy picture is becoming clear to all…there was no recovery for anybody, but bankers bonuses (banks are still loaded with crap, so they didn’t recover)…food riots will put stop QE3…also, government is likely to shutdown next week…
What will move this market lower are margin calls…Margin calls will undo any POMO coming in…plus, POMO has no strings attached, so banks will be looking to preserve liquidity, not buy more stocks, if we start moving down
About 30.40 in SLV initially. Tomorrows close, if near the low of the week will confirm a more bearish structure for silver in the short term.
and Red said you were a good person.
😉
they first started a rumor that Gadaffi was dead, then followed it by raising margin requirements on brent and now to be followed by WTI then metals
Bastards are just thugs in a suit … Fork them all
Where would that put SLV?
LOL… it’s just a guessing game in the end Richie. You could just as easy be right.
Exactly and on these down days, the volume hasn’t impressed me. I think the 1351 FP will get tagged. Maybe a double top???
I was looking a only at a 5 minute candle. That’s the volume from the entire day.