Posted by marketguy on 9th of Sep 2010 at 09:59 am
keep buying those names bud and we'll see who comes out ahead at
year's end...if you're a koolaid drinker who believes all this B.S.
data that's been coming then I guess you can call yourself
unbiased....
"technically" I can make a case for both sides of the trade so
I've chosen to take the bear side over the last week (granted much
to my chagrin at the moment)...I've said all along that should we
reach 1117 (or definitely over 1140) I will change my tune but
until then I think this is a suckers rally of biblical
proporation.....could I be wrong? ABSOLUTELY!!!! but for me
it smells like mid 2007 where the market was going up on fumes and
BS only to flame out....
good luck either way.
MG
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Bias
chart....
Posted by vdonato on 9th of Sep 2010 at 09:22 am
With all the leaders running, aapl nflx amzn akam crm cmg etc... Where does the bearishness come from? Bias will get you in trouble.
keep buying those names bud
Posted by marketguy on 9th of Sep 2010 at 09:59 am
keep buying those names bud and we'll see who comes out ahead at year's end...if you're a koolaid drinker who believes all this B.S. data that's been coming then I guess you can call yourself unbiased....
"technically" I can make a case for both sides of the trade so I've chosen to take the bear side over the last week (granted much to my chagrin at the moment)...I've said all along that should we reach 1117 (or definitely over 1140) I will change my tune but until then I think this is a suckers rally of biblical proporation.....could I be wrong? ABSOLUTELY!!!! but for me it smells like mid 2007 where the market was going up on fumes and BS only to flame out....
good luck either way.
MG