Dumping into close 11-19?

Discussion in 'Trading' started by pumpanddumper, Nov 19, 2007.

  1. FOMC minutes for the October meeting are released tomorrow
     
    #11     Nov 19, 2007
  2. piezoe

    piezoe

    I don't see much happening this week. But we are at a critical point in the S&P. A close below the 1439-40 level on big volume next week would be significant. On the other hand we could work on building out the right shoulder (or is it the left shoulder? Where are the eyes exactly?). But regardless we are at a fairly critical point were if we should have a couple of closes lower on substantial volume, i.e., "distribution days", (Oh, what is that blow-hard's name that started IBD?) we might, finally, be able to conclude that the bull is dead (or at least on life support).
     
    #12     Nov 19, 2007
  3. futures up big. Massive HP earnings
     
    #13     Nov 19, 2007
  4. oh please ...now you are grasping for straws .....
     
    #14     Nov 19, 2007
  5. The last time the dow closed below 13,000 the futures ramped up, continued through Asia and Euro markets, Wallmart had huge numbers, and p00f a 300+ point day.

    So far we have the dow closed below 13000, futures ramping, and the strong HP earnings. Looks like a repeat.

    Time 2 cover your contracts now.

    Get out if you're short.
     
    #15     Nov 19, 2007
  6. :confused:
     
    #16     Nov 19, 2007
  7. http://www.bloomberg.com/apps/news?pid=20601087&sid=ayP8X8wfY9uE&refer=home

    HP could revive the tech stocks after the lousy Cisco numbers.

    This is a great market

    Edit: time for investment bank bonusses. Reported everywhere. GS hands out the biggest bonuses because the people who work there are very smart and deserve it. The huge bonuses indicate the strength of the US economy, investment banking, the stock market, and the American Dream.
     
    #17     Nov 19, 2007
  8. Tom631

    Tom631

    You must be long and crapping your pants as this sure doesn't seem very bullish about HP
    _______

    Strong PC sales have fueled much of HP's growth, but <b>the company warned that business is likely to slow.</b> Printer ink continues to be the company's cash cow.


    http://biz.yahoo.com/ap/071119/earns_hp.html
     
    #18     Nov 19, 2007
  9. LOL Apparently wallstreet and those who can move stocks dissagree. Futures up a lot, AH up. Tech up.

    very strong positive move on futures at an important level

    S&P 500 1,442.00 4.50 0.31
    NASDAQ 2,038.75 10.75 0.53

    They warned that just to be on the safe side. If you look at the numbers they are incredibly strong. This isn't a big deal. Just a single line of caution just in case.
     
    #19     Nov 19, 2007
  10. yeah ..HP earning means everythings a-ok ...time to buy !!! no more writedowns !! no more credit problems ... just buy because HP earnings are great and 13k is the bottom !!

    LOL ..
     
    #20     Nov 19, 2007