futures leaving bulls dismayed

Discussion in 'Trading' started by NY_HOOD, Jan 23, 2008.

  1. S2007S

    S2007S


    Capitulation should have occured months ago, the dow should be sitting even lower than it is today, the only reason why its propped up above 11500 is because of all the money that was thrown at the market the last 12-18 months. They are trying to save a market that has been in trouble for the last 2 years, its not working now since everyone realizes its alot worse than they thought it would get.

    I remember some fools saying that the subprime problems WOULD NOT SPILL over to other parts of the economy, HELLLO, these are people who write the books who have been studying this type of thing for years, how the hell could these credit problems not spill over, its only going to get worse.
     
    #21     Jan 23, 2008
  2. S2007S

    S2007S


    I have underestimated the bull since I started posting in 2006, I was bearish then and I was bearish at 14k, its time to underestimate the bull and understand bubbles to deflate and eventually the market does turn bearish when you least expect it.
     
    #22     Jan 23, 2008
  3. Pump, I told ya the bull isn't dead. Watch HSI tomorrow tack on another 1,000 - 2,000 points.:cool:
     
    #23     Jan 23, 2008

  4. You were saying .......

    Futures in green 1330's as I print this DOW up over 150.
     
    #24     Jan 23, 2008
  5. I concur. 90% of the time, it moves in such a way as to fake people out, take out their stops and then reverse. It is one tricky mofo. Kudos to anyone who can come out profitable at the end of the day, whatever techniques they use.
     
    #25     Jan 23, 2008