Comments on: Overnight & Pre-Opening Range As Market Tell http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html Freshly squeezed market commentary & analysis Fri, 21 Nov 2008 12:13:22 +0000 http://wordpress.org/?v=2.0.2 by: Z http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27513 Thu, 24 Jan 2008 06:59:36 +0000 http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27513 Sure, yeah, gaps filled in by itself. the psychology of the markets, blah blah blah. draw where the limit down line is, and see for yourself. SP was held just a few ticks above the limit down breakers. and then hours later a surprise Fed cut, 75 (!!!!!) BPS later on, GS announces they expect more cuts down the road all coincidence, of course? Sure, yeah, gaps filled in by itself. the psychology of the markets, blah blah blah.

draw where the limit down line is, and see for yourself. SP was held just a few ticks above the limit down breakers.

and then hours later a surprise Fed cut, 75 (!!!!!) BPS

later on, GS announces they expect more cuts down the road

all coincidence, of course?

]]> by: LP http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27466 Wed, 23 Jan 2008 03:18:15 +0000 http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27466 BTW...good call on the Pre market stuff... BTW…good call on the Pre market stuff…

]]> by: LP http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27465 Wed, 23 Jan 2008 02:30:28 +0000 http://www.tradersnarrative.com/overnight-pre-opening-range-as-market-tell-839.html#comment-27465 The piper has come and the US has nothing to pay. If we are saved for the moment, our children will pay tomorrow. No more cuts, no more free money (only to be taxed later) from congress, no more big loans to buy TVs and superbowl tickets and no quick fixes. It's time to pay up for our frivolous attitudes. Time to eliminate the excesses and build a better tomorrow. I'm tired of the falling dollar, the worthless $40 trillion CDO market, the fact that everyone is trying to avoid a recession (which btw is a very natural cycle). No more. In all honesty I hope we do face a recession even if it's a bad one, and even if it affects me. The point is if we get bailed out yet again, the common man will continue doing the dumb shit he's been doing for a long time and he'll think that someone will come to save him. A recession is hard but we have to accept it. In the mean time, we need to understand that living of credit unnecessarily is not so smart for us personally, for business or for the government. It has to come to an end somewhere. This is my dumb opinion. The piper has come and the US has nothing to pay. If we are saved for the moment, our children will pay tomorrow.

No more cuts, no more free money (only to be taxed later) from congress, no more big loans to buy TVs and superbowl tickets and no quick fixes. It’s time to pay up for our frivolous attitudes. Time to eliminate the excesses and build a better tomorrow. I’m tired of the falling dollar, the worthless $40 trillion CDO market, the fact that everyone is trying to avoid a recession (which btw is a very natural cycle). No more.

In all honesty I hope we do face a recession even if it’s a bad one, and even if it affects me. The point is if we get bailed out yet again, the common man will continue doing the dumb shit he’s been doing for a long time and he’ll think that someone will come to save him. A recession is hard but we have to accept it. In the mean time, we need to understand that living of credit unnecessarily is not so smart for us personally, for business or for the government. It has to come to an end somewhere. This is my dumb opinion.

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