Hey guy's I'm sick of all the nonesense, I'm going Prechter
style and calling a top now. Daily chart on the S&P, the ROC is
sooo diverging along with the MACD and I see a few Bearish crosses.
The last time the charts looked that clear to me on a major sell
side was when the USO took a dump, for all of you shorts,
let's hope I'm right.
Remember, the banks have also already rolled over, check out
Goldman on a Weekly chart. I put my money where my mouth is, long
swing trade on FAZ! Bet it all on Black!
For TD, I'd rather add to DRIPS in hard times than trade
it. Doesn't seem like a great trading vehicle, but many
Canadian banks have history of increasing dividends over time.
I think we can count on Canadian Bank dividends to go up nicely
with the price of a BIG MAC
The Top?
Posted by skorheim on 3rd of Dec 2009 at 02:48 pm
Hey guy's I'm sick of all the nonesense, I'm going Prechter style and calling a top now. Daily chart on the S&P, the ROC is sooo diverging along with the MACD and I see a few Bearish crosses. The last time the charts looked that clear to me on a major sell side was when the USO took a dump, for all of you shorts, let's hope I'm right.
Remember, the banks have also already rolled over, check out Goldman on a Weekly chart. I put my money where my mouth is, long swing trade on FAZ! Bet it all on Black!
Why not bet all on
Posted by steveo on 4th of Dec 2009 at 04:00 am
Why not bet all on 00? :-)
Canadian banks reported awesome numbers,
Posted by huylam on 3rd of Dec 2009 at 03:15 pm
Canadian banks reported awesome numbers, TD doubled their profits but XFN.TO, Canadian financials are down. I have some shorts.
For TD, I'd rather add
Posted by lpwise on 3rd of Dec 2009 at 03:49 pm
For TD, I'd rather add to DRIPS in hard times than trade it. Doesn't seem like a great trading vehicle, but many Canadian banks have history of increasing dividends over time.
I think we can count on Canadian Bank dividends to go up nicely with the price of a BIG MAC
Have a nice snug stop.
Posted by cal1 on 3rd of Dec 2009 at 03:13 pm
Have a nice snug stop.
I wouldn't bet it all .... , but
Posted by lpwise on 3rd of Dec 2009 at 03:09 pm
I wouldn't bet it all ....
, but you may be right.
I always said GS is to OBAMA what OIL was to BUSH, and currently its looking a bit sick and ready to dive.