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!

6 comments:

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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