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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: TFF who wrote (41400)12/6/2012 2:09:14 PM
From: GROUND ZERO™1 Recommendation  Respond to of 222735
 
We could see more selling, but I think the longer this market just hangs around here for a while, there would be no reason to sell off again before the rally resumes... my reasoning is that as long as it just hangs around here, the more traders will try to short this market suspecting a top... and they'll all be wrong if it rallies... just my hunch... I also thought this market was about to break down hard, but I was wrong, and there's lots of traders "expecting" a crash...

GZ



To: TFF who wrote (41400)12/6/2012 2:49:38 PM
From: Fintas  Respond to of 222735
 
Quick go see my DR at Jules Stein Institute CA. You may have some vision issues. SMILE



To: TFF who wrote (41400)12/6/2012 3:09:35 PM
From: Keith Feral  Read Replies (1) | Respond to of 222735
 
Bonds yields heading lower again. Tomorrows employment report could drive rates over the cliff again back towards 1.50%.

Raised some cash today to lock in profits and see how this thing plays out with tomorrows data. If unemployment rate starts creeping back above 9%, we could see some more pain.

The one GOOD thing is that WTI and Brent prices keep getting hammered every day. Brent is ridiculously overpriced at $108 with WTI prices at $86. $100 or lower is almost a certainty for Brent prices.

Stocks and oil have been decoupling since last May. I think we'll see $65 next year for WTI. Cheaper oil will be one of the few silver linings from the tax cliff.



To: TFF who wrote (41400)12/7/2012 9:09:08 AM
From: Hawkmoon  Respond to of 222735
 
Yep.. Starting to look like a bit of a rally can take place here..

We're sitting right under the 50 DMA, and if the futures continue looking good, the SPY is going to penetrate it and likely draw in more money..

But still wondering about when the gov't runs out of money, presumably prior to the end of year..

Enjoy the trade. Beware of bad news to come.. The "wall of worry".. ;0)

Hawk