Friday, February 5, 2010
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02
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- Got Long
- Intraday Short
- Yesterday Was A Rarity
- Monster Short Squeeze
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- Banana Ben Never Disappoints
- Like the Other Dips
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- Not Like Wednesday February 3rd
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- Setting Up for A Big Slide
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- Yesterday Was A Top
- From 1:30 to 4:00
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- Europe Decides To Bailout Greece
- Bull's Best Shot?
- Not If But When
- Flush Out
- Showing Weakness
- Art of Manipulation
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- No Mutual Fund Monday
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- Missed Opportunity
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- Reversed To Short
- Support Zone 1062-1068
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17 comments:
200 day MA is at around 1020 I saw yesterday. We will bounce Dawg. I hope to Gawd. Maybe 1070, 1080 if we're lucky.
dude every little bounce is being sold off. I wonder what this portends. This is pure greed on these bears.
It is looking grimmer and grimmer for the bulls. we're not bouncing, if we don't bounce much from these levels, we could set up a flush out on Monday with a panic gap down.
Don't you think this selling is a little out of control? We are down 8.6% now, with not much of a bounce the whole way down man.
This is fucken madness.
I am going out on a limb and sayign technical bounce of psychological level round nice number 1050.
Dude they broke the 1050.
shiet...
Okay, today has to be capitulation.
Greece man.
WTF do they make? Some gyros and shit.
OMFG EDC is 86 bucks!!!
HAHAHAH
We are now in a primary wave 3 down. I will switch in and out of being short during this. I aint't going long until its over. I went short again this morning.
3 wave down... that sounds like elliot wave theory.
Is it A B and C. I'd imagine this is C.
Is this the beginning or end of C.
This is madness.
1045. Was that it?
It is only just beginnng. Primary 3 should finish in 2011.
So what's the forecast ultimate bottom of the 3 wave down theory.
We'll have a clearer idea when this intermidiate wave is over, for now the short term SPX support pivots for this current down draft are 1018, 990, and then at 961.
The forecast ultimate bottom of Elliot Wave according to Prechter is 0
I think Prechter has the bottom of primary 3 at dow 1,000. I'll wait to see the price point on intermediate 1 down and then project t forward, before I can pick one. I think Prechters ultimate bottom is dow 300.
HHAHAHA.
I guess that can happen if terrorists bomb the NYSE.
Zero.
That is impossible because in order to be zero the last share of stock has to be sold to someone at a bid price.
I am sure that someone would be willing to bid 1 cent for GOOG.
It should be 0.01 to reflect this.
Now that I think about it I guess what Prechter is trying to say is that the world is probably going to end in some kind of nuclear holocaust or maybe a meteor lands on Wall Street.
He's probably right.
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