Saturday, October 18, 2008

Are You Ready?? CNBC Faces Will Look THIS!!!

YOU HEARD IT HERE FIRST! Be ready, don't get caught off guard. Profit!


todd said...

Of what are you referring?
More bloody tankange in the coming week perhaps?

Stewie said...

todd: blood tankage is a great way to put. right as everyone on cnbc is buzzing about a bottom. ruthless selling is more likely.

Jase said...

You know what Stewie? I totally agree with you. As bullish as I was for a bounce last weekend, I'm very indifferent going into the this week.

I will buy a decline especially should we drop below the lows, but I won't chase up or short per say besides quick scalps.

Something doesn't feel right.

In my opinion we double bottomed (if you can call it that, I don't think I can) too fast for that to be the case.

I feel like we will test the lows or even break them by a bit.

Rick said...

I agree, it still seems like the hedge fund managers that need to liquidate are still in control of this market. I think they eased off on their selling for a couple of days to build a little bit of strength for them to sell into. It is hard to believe that they were selling nonstop for a couple of weeks and all of a sudden they're done selling. When everybody's done calling bottoms, then we can have a bottom.

orangetrader said...

The hedge funds will be on the prowl.
Stay behind the sharks and you won't get eaten.

John C. Lee said...

we're in consolidation, forming a symmetrical triangle. Pay close attention to money flow and accumulation/distribution in individual sectors. That will give clues to where the funds are prowling.

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