Thanks ACP that explains a little on the slide that just happened.Well they knew it was a matter of time before this came back and bit them in the ass guess all that fake docs are starting to haunt them now.
well i was expecting the 11000 line to break today and i would be happy with 10950 at the closing bell but the way things are going it seems to have started.I wont be too surprised if the bulls make a last min dash to try and hold 10900 at the last min and it seems that 10850 mark seems to be a strong resistance point so far but fingers crossed we might just get there by the closing bell.If today closes off at 10850 it might just be the signal for all those waiting on the sidelines to come in and start the selling.
The banks were holding the market up today, until around the time this came out. Seems like someone was trading on the info beforehand. Plus EUR/USD now at 1.3725.
Well, hang in there as there’s more to come. While tomorrow morning could bounce a little as they try to shake out some bears, I think the short term high is in for now.
We need to break 1052 spx by the end of the week, and that should seal the deal…
Hahahahah about dam time to be honest and its stilllll going wow im seriously impressed from the time ive taken to write this is down another 20 pips to 10878
On a more serious note is there anything i missed out that caused the sudden dip quite a strong move down to reclaim the 10900 mark and somehow sellers seem to be holding that quite strong at this point
At this point, it’s looking more and more bearish. Maybe the bears will beat the Fed’s this time? Let’s see how high they can bounce it back tomorrow with their POMO Monopoly money?
Remember, that is usually from 10:15 am to 11:00 am… so shortly after that time period the bounce should be over and another shorting spot should be available.
HAHAHAHHA the market is like a fish out of water sliding all over the place now so keep sliding all the way into the bears mouth hereeeeee fishyyy fishyyyy
Thanks ACP that explains a little on the slide that just happened.Well they knew it was a matter of time before this came back and bit them in the ass guess all that fake docs are starting to haunt them now.
well i was expecting the 11000 line to break today and i would be happy with 10950 at the closing bell but the way things are going it seems to have started.I wont be too surprised if the bulls make a last min dash to try and hold 10900 at the last min and it seems that 10850 mark seems to be a strong resistance point so far but fingers crossed we might just get there by the closing bell.If today closes off at 10850 it might just be the signal for all those waiting on the sidelines to come in and start the selling.
o/
I think this is part of the snag:
http://blogs.barrons.com/stockstowatchtoday/2010/10/19/bank-of-america-sags-report-pimco-blackrock-putting-back-mortgages/?mod=yahoobarrons
The banks were holding the market up today, until around the time this came out. Seems like someone was trading on the info beforehand. Plus EUR/USD now at 1.3725.
Well, hang in there as there’s more to come. While tomorrow morning could bounce a little as they try to shake out some bears, I think the short term high is in for now.
We need to break 1052 spx by the end of the week, and that should seal the deal…
Hahahahah about dam time to be honest and its stilllll going wow im seriously impressed from the time ive taken to write this is down another 20 pips to 10878
Just reality sitting in with market… that’s all.
On a more serious note is there anything i missed out that caused the sudden dip quite a strong move down to reclaim the 10900 mark and somehow sellers seem to be holding that quite strong at this point
At this point, it’s looking more and more bearish. Maybe the bears will beat the Fed’s this time? Let’s see how high they can bounce it back tomorrow with their POMO Monopoly money?
Remember, that is usually from 10:15 am to 11:00 am… so shortly after that time period the bounce should be over and another shorting spot should be available.
HAHAHAHHA the market is like a fish out of water sliding all over the place now so keep sliding all the way into the bears mouth hereeeeee fishyyy fishyyyy