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Monday, September 21, 2009
Just One More Time
Waiting for the market to dip feels like Charlie Brown wanting to kick the ball. Sheesh.
3 comments:
Aditya
said...
Seems like the same pattern where they work off the overbought condition near the highs before 1 big down day - watch the McClellan Oscillator after they put together that one big down day - it will be "deeply oversold" and the bulls will pounce hard on that to run it to 1100.
So I guess the gap at 1097 and Dow 10,000 are the order of the day here? Maybe tomorrow after Bernanke discusses how he will destroy the dollar for the sake of a short-term stock market rally?
Does anyone actually think that today's sell off was the beginning of the real deal? After having been run over for the last 6 months, I certainly don't believe it.
-- Looking forward to having the bulls plant more tire tracks on my back while they discuss how earnings are meaningless and all that matters is Fed liquidity and the dying dollar.
3 comments:
Seems like the same pattern where they work off the overbought condition near the highs before 1 big down day - watch the McClellan Oscillator after they put together that one big down day - it will be "deeply oversold" and the bulls will pounce hard on that to run it to 1100.
So I guess the gap at 1097 and Dow 10,000 are the order of the day here? Maybe tomorrow after Bernanke discusses how he will destroy the dollar for the sake of a short-term stock market rally?
Does anyone actually think that today's sell off was the beginning of the real deal? After having been run over for the last 6 months, I certainly don't believe it.
-- Looking forward to having the bulls plant more tire tracks on my back while they discuss how earnings are meaningless and all that matters is Fed liquidity and the dying dollar.
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