nnuut
Moderator | TSP Legend
Yer right, Burntankle took care of that! Now we have a Camel Hump DAY! I usually hate those.
View attachment 14907
Correction, this is a Camel Hump Tail day!
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nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
Here is today's reason why the Market is NNUUTS!:suspicious:
Aug. 10, 2011, 10:07 a.m. EDT
French banks lead steep losses for Europe
Downgrade worries hit French lenders; Henkel, Standard Life rise
Aug. 10, 2011, 10:07 a.m. EDT
French banks lead steep losses for Europe
Downgrade worries hit French lenders; Henkel, Standard Life rise
- Simon Kennedy, MarketWatch
LONDON (MarketWatch) — European stock markets turned sharply lower in another volatile session Wednesday as worries over France’s credit rating sent bank stocks tumbling and as the previous session’s rebound for U.S. stocks proved short-lived.
http://www.marketwatch.com/story/commerzbank-standard-life-lead-gains-for-europe-2011-08-10
SteelSaving
Member
So expect a big jump on Friday or Monday?
I won't count on it.
Sticking with F and G no matter how concerned I am about F getting ready to drop...
I think there will be a good opportunity to buy next week though.
I won't count on it.
Sticking with F and G no matter how concerned I am about F getting ready to drop...
I think there will be a good opportunity to buy next week though.
nnuut
Moderator | TSP Legend
The only good news I know of is that Ozombie WILL NOT get reelected in 2012.:laugh:
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nnuut
Moderator | TSP Legend
Oh!!!!! That was a typo of course, glad you caught it, I almost ruined my reputation! I'll edit that post right NOW!:embarrest:
Hasn't it already? Looks like the pros have dropped out the carrot there with this upswing. It will sure crash by 4pm.
nnuut
Moderator | TSP Legend
EXACTLY!
Bquat
Well-known member
No it started in the futures early this morning before the market opened. Big money bought at 1100 S&P level yesterday to cover their shorts. Then they watched the buying in grow and sold before market opening to take everyones money and shorted the opening market. Covered their shorts again at 12 to pop it again and sold again just before market close. I wonder if they'll buy premarket in the morning. I'm just paranoid and guessing here and I don't like how this market is acting. So I still on my lilly in the pond. JMHO
nnuut
Moderator | TSP Legend
NOW YOUR GETING IT What can we do?
Bquat
Well-known member
Nothing. They're covering their shorts right now buying futures. How can it go so bad the last hour and still go green after market. Selling with high volume and building their positions in low volume after market. The fed should make one time a day traiding and take away super computer profit taking or make market close to market close to everyone and market open to market open for everyone. We need to be billionares to cause any change.
Well we just have to wait for an established trend with no news volitility as if that will happen. Rant over. Remember the daily trades when we could follow the futures and get in when their up and get back out to miss the down side. Oh memories .
MaStA
Member
Down, UP, Down, UP, Tomorrow should be DOWN!
Don't say that! It would be nice to see two days in a row up...
Bquat
Well-known member
Let's see Monday Market Down, Tuesday Market UP, Wednesday Market Down, Today Market UP [so far]?
Down, UP, Down, UP, Tomorrow should be DOWN!
You know when there's a lot of volotility in the market, it can be for warning a trend reversal comming up. Now it this a tough of war of computer programs jumping between a bull and bear market ( buy the dips in a bull and sell the peaks in a bear) since were right at the 200 day average. Does it mean were changing back to the bull or is it confirming that the overall market is turning bearish. I think we might be: Well if I knew that I would be rich. My best guess is the programs are searching for a bottom after watching Oscars discussion of summer lows (yesterdays video). Just a frog gussing here.
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