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You'll have more than plenty of time to rack up the pinball points - Ralph Acampora says this secular bull could run for 10 to 15 more years.
 
=Birchtree;428205]You'll have more than plenty of time to rack up the pinball points - Ralph Acampora says this secular bull could run for 10 to 15 more years.
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Thanks Birch....

I just have to learn to stick with Birchtree as my wrangler in the corral chute, to mount and ride the bull market !
 
Not sure if it's related, but Netflix, which was up big early after earnings, was downgraded to a sell and a lot of the high flying momentum stocks rolled over with the news. FB, Baidu, SINA, TSLA, etc.
 
=Mapper;428212]Charts just turned from cheery to a wee bit ominous...is a storm rolling in? I'm going think about protecting my assets.
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Well, so much for the temporary dip this morning... Another thread asked, an exhaustion push ?? Maybe, but I've been thinking that since Friday..
 
It was simple profit taking that didn't last. I believe we are setting up for some serious panic buying - panics are bubbles in fear. There is now the fear of missing the boat and this will drive investors to purchase anything at any price. We are now going to see a stock panic to the upside from money seeking a home. There is only clear skies above and higher highs approach.
 
Birchtree said:
It was simple profit taking that didn't last. I believe we are setting up for some serious panic buying - panics are bubbles in fear. There is now the fear of missing the boat and this will drive investors to purchase anything at any price. We are now going to see a stock panic to the upside from money seeking a home. There is only clear skies above and higher highs approach.
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Not to mention the typical uptick in the market for the holiday season. ;)
 
Viva_La_Migra said:
Not to mention the typical uptick in the market for the holiday season. ;)
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Thanks for the response BT and Viva...
i was searching for something bad... And just didn't see anything. I thought all signs were point northward... My IFT comments point to that! Bring on the holiday upswing!
 
EricDeLee said:
Can someone fill me in? What changed? I see the gains.... But what storms are being seen?
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We were talking about the quick drop from morning peak Tuesday...

102213a.gif
 
JTH has been kind enough to post seasonality charts, among others in his thread..
The Fed is pumping 5.25 Bil., into the Markets today, bet on a positive one...
 
The Russell finally filled that latest gap and so far the old resistance line has held as support. The question is, is a one day pullback all we get? Could just be a short emotional Fed shakeout.

103013a.gif
 
The Dow creates a negative outside day near double top territory. The close will be important. If it's below yesterday's low, that wouldn't be good.

103013b.gif
 
tsptalk said:
The Dow creates a negative outside day near double top territory. The close will be important. If it's below yesterday's low, that wouldn't be good.
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This late in the game, yes, not good.....So much for hitting the 1200EST deadline..... Pain tomorrow Ladies and Gents!
 
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