Comments on: Market At Long Term Support http://www.tradersnarrative.com/market-at-long-term-support-1242.html Freshly squeezed market commentary & analysis Thu, 08 Jan 2009 23:14:51 +0000 http://wordpress.org/?v=2.0.2 by: Scoad http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27064 Fri, 18 Jan 2008 03:30:41 +0000 http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27064 Amen- how can holding support be bullish when every couch potato is a crack chartist [just watch those brokerage commercials- theres mom trading the vix] the charting software flys around alot more than those pork chops {unfortunately} and everytime you clik on a financial post charts jump out looking for attention. Sell gold in a little while and buy property a little later- maybe or maybe not montana. Babak if you get a chance to review the poor, poor down and out, Skid Row SOXX it would as usual be very interesting- thanks Amen- how can holding support be bullish when every couch potato is a crack chartist [just watch those brokerage commercials- theres mom trading the vix] the charting software flys around alot more than those pork chops {unfortunately} and everytime you clik on a financial post charts jump out looking for attention.
Sell gold in a little while and buy property a little later- maybe or maybe not montana.
Babak if you get a chance to review the poor, poor down and out, Skid Row SOXX it would as usual be very interesting- thanks

]]> by: wes http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27057 Fri, 18 Jan 2008 01:35:24 +0000 http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27057 After reviewing a few indicators tonight, I am finally seeing FEAR. While pigs don't fly, I'm looking for pork chops in the tree tops tomorrow. After reviewing a few indicators tonight, I am finally seeing FEAR.

While pigs don’t fly, I’m looking for pork chops in the tree tops tomorrow.

]]> by: Tom http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27039 Thu, 17 Jan 2008 21:38:09 +0000 http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27039 What's happening is the massive "liquidity" premium in the market is being wiped out. You won't get a bottom till its burned off, but that won't happen because Ben is throwing more liquidity into the market. My target for the S&P500 is around 1250, a break below that could spell the complete wipe out of the 5 year Bull Market. PS: I'm selling my property in Montana and gold. Anybody want to buy? :) What’s happening is the massive “liquidity” premium in the market is being wiped out. You won’t get a bottom till its burned off, but that won’t happen because Ben is throwing more liquidity into the market.

My target for the S&P500 is around 1250, a break below that could spell the complete wipe out of the 5 year Bull Market.

PS: I’m selling my property in Montana and gold. Anybody want to buy? :)

]]> by: wes http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27038 Thu, 17 Jan 2008 21:29:49 +0000 http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27038 Well, it's much easier to trust market lows where long term support has been broken and, presumably, weaker hands have been chased out. I think the failure to find a low that holds for more than a day or two is due to a lack of fear, but I keep reading that there's too much fear in the market. That just doesn't make sense to me. Well, it’s much easier to trust market lows where long term support has been broken and, presumably, weaker hands have been chased out. I think the failure to find a low that holds for more than a day or two is due to a lack of fear, but I keep reading that there’s too much fear in the market.

That just doesn’t make sense to me.

]]> by: Johan http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27037 Thu, 17 Jan 2008 20:55:21 +0000 http://www.tradersnarrative.com/market-at-long-term-support-1242.html#comment-27037 Looking at todays market, one would say oooops! I think I might try to buy little at close today. But only for a short term. Longer term a will add to short/sold positions. Looking at todays market, one would say oooops!

I think I might try to buy little at close today. But only for a short term. Longer term a will add to short/sold positions.

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