Thursday, October 13, 2011

First Pullback

Don't expect a collapse right away.  After the huge run up that we've had, the first pullback is usually bought.  Expecting a dip and run scenario today.
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7 comments:

Anonymous said...

Hope so. FTSE went up big this morning and then down (bearish sign). Should at least go back and test highs surely (1220) or do you think we'll stall lower?

10/13/2011 10:16:00 AM
Market Owl said...

Expecting a retest of the 1210-1215 zone. Crowd is too bearish considering the strong action.

10/13/2011 10:30:00 AM
Anonymous said...

do you think we'll be there by today or will it take to friday?

10/13/2011 01:57:00 PM
Anonymous said...

that was it..3 point pullback in the s$p....now we go to 1500!!! lol

10/13/2011 04:06:00 PM
Market Owl said...

We are consolidating the gains, don't know when we'll get back to 1210 but it should be soon. I don't feel its safe to short yet so I'm waiting.

10/13/2011 04:42:00 PM
Anonymous said...

I just don't understand why anyone would buy google today at $600 when they could have bought it just last week at 500??

Same with apple...412 when you could have gotten it for 350??

These stocks ALWAYS come down again..always...

10/13/2011 05:20:00 PM
Anonymous said...

petionwe are in the range now 1210-15 but this market looking so strong...

10/14/2011 05:41:00 AM

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