XL-entLady's Account Talk

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This morning's quote from Brian Shannon's Alphatrends website:


"BROKEN ...that is the best one word description of the markets. The bulls cannot stay in control for more than a day or two and each new failure leaves buyers with less conviction. Staying below 2960 [in the QQQQ's] will be very harmful to remaining longs. Things could get very ugly over the next few weeks." :worried:

http://www.alphatrends.blogspot.com/


Lady
 
I say bring it on - I've got a load of dividends that will be paying in February and I would prefer to reinvest them at lower prices. Got an even bigger load that'll be paying in March and I can get those prices off the bottom on the way back up. Be right and sit tight.
 
Birchtree said:
I say bring it on - I've got a load of dividends that will be paying in February and I would prefer to reinvest them at lower prices. Got an even bigger load that'll be paying in March and I can get those prices off the bottom on the way back up. Be right and sit tight.
Click to expand...
I truly admire your fortitude, my friend! And I absolutely believe that this is a generational buying opportunity and that you will reap the rewards five years down the road. I just don't have the stomach for this rollercoaster. That theme park hotdog I ate is in the back of my throat now..... :sick:

Lady
 
This has absolutely nothing to do with the markets or financial matters of any kind. It's just a viral video that my brother sent me to make me smile. And it did. So I wanted to share it with any of you who might need a smile today. :) It's called, "Validation" and it's about 15 minutes long.

Lady

 
Thanks for sharing that Lady,

I'm a sucker for things like that, happy endings where they find each other. I'm just an old softie sometimnes. :o

CB
 
Thanks for the comment, CB. I wasn't sure how the video would be received, so I appreciate knowing what you thought. It struck me the exact same way. :cool:

Lady
 
02012009.jpg
 
Stocktiming had an article today that summarized things well, I think:

"So here is where we are today ...
1. The S&P is at a critical support level on a 60 minute chart, and that support goes back to last November.
2. The VIX has a positive divergence that was established on January 20th.
This means that we are going to have an important Bull vs. Bear battle this this week ... starting today. Two months of progress is at stake, so it will be important for the S&P to hold ... to hold first above today's support line, and then to HOLD its November low. Holding one or both would be in line with a basing process for the market.
Falling below the November low would be a act of losing the battle to the Bears ... which would mean exposing the markets to the possibility of making new lows. Like last night's Super Bowl, this could be an exciting week."

http://stocktiming.com/Monday-DailyMarketUpdate.htm

Lady
 
XL-entLady said:
Stocktiming had an article today that summarized things well, I think:

"So here is where we are today ...
1. The S&P is at a critical support level on a 60 minute chart, and that support goes back to last November.
2. The VIX has a positive divergence that was established on January 20th.
This means that we are going to have an important Bull vs. Bear battle this this week ... starting today. Two months of progress is at stake, so it will be important for the S&P to hold ... to hold first above today's support line, and then to HOLD its November low. Holding one or both would be in line with a basing process for the market.
Falling below the November low would be a act of losing the battle to the Bears ... which would mean exposing the markets to the possibility of making new lows. Like last night's Super Bowl, this could be an exciting week."

http://stocktiming.com/Monday-DailyMarketUpdate.htm

Lady
Click to expand...

Thanks Lady,

Now all we need is for Vegas to give us some odds. :D

CB
 
XL-entLady said:
No kidding! Don't ask me though. I had money on the Cardinals! :cheesy:

Lady
Click to expand...

Ohh Lady.. I was so thrilled when they took the lead towards the end :D

Jumped out of the chair and screamed - wow now that's the way to go - a team that's been off the radar to come and beat the Steelers (of all teams) in the Super Bowl. :(

BTW - thanks for the Great Post today.... my stomach is still a little in knots not knowing if I should have gone in. Tom and James (and others) have said something similar - so I hope in a big way it goes down REALLY DOWN - so all of us can JUMP IN !!
 
The Steelers played a great game but they are the type of team that it doesn't matter who they play, I root for the other team.:nuts:
 
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