Jerry, I was going to buy tomorrow but I hear you are exiting.....now that is not very nice....:)
Pisani interviewed the floor after market and a main trader he asked what is going on said, "I don't know, I am so CONFUSED".
I suspect the weighted short term variables that moved the market are support, oversold, build a touch of confidence, short covering, (they also said the institutions were finally buying near the end)--I thought there were real signs of that. Plus the retest theory. Plus the buy on the dip theory--gotta sell that idea to the civilians--even if it continues to be an orderly decline before the rally....:).
Gee, those funds must get aggravated. I always think that on the first day of a run up like this stuff goes up 6 points......talk about bullish buying underneath. Now, how long it lasts and with the idea that "everyone wants a bargain"....
I notice some sites talking about (like Motley--which I view as a semi standard view of somewhat intelligent civilian investors) being happy with the gains already this year even if the market stalls at this point.
That is helpful for a bull market.
Even though so much is "moving down" to lower ranges.
Hope you do well my dear. Been keeping an eye out for you.
Autumn
btw, I always feel pouty and left out of a "party" on a day like today.....but at 72 l/2 I said.....well, don't know if DELL has more energy.....at 73 l/2 I went to short and changed my mind.....at 74 l/2 I said, geez, now what? can it go up more?......at 75 l/2 I was getting p***ed and edgy...at 76 l/2 I thought it is so close to the end, do they have the nerve to do that being up till today DELL tracks the spx like a clock and this last time zone it doesn't give a s**t about the spx........then on to 77+.....I am using the towel I threw in for a crying towel......
Autumn |
