HAHA flat for 6 hours and 25 mins, the last 5 minutes a surge up to new highs

Discussion in 'Trading' started by S2007S, May 29, 2009.

  1. If that 880 keeps holding, that may spell trouble for me and my fellow bears
     
    #22     May 29, 2009
  2. This looks like a text book return to support turned resistance.
     
    #23     May 29, 2009
  3. That’s how it always starts out. Some banks with government backing do all the buying. Then once the markets keep going up the institutions jump in, then the retail clowns. By then is almost over.
     
    #24     May 29, 2009
  4. The markets should be moved to Las Vegas.
     
    #25     May 29, 2009
  5. [​IMG]

    They say history repeats but this is too eerily similar.
     
    #26     May 29, 2009
  6. mgarc

    mgarc

    from realmoney. LOL..





    Alan Farley

    Meow

    5/29/2009 4:44 PM EDT

    Maybe someone's cat jumped on their keyboard at 3:55 p.m. and accidentally sent in $2 billion in buy orders.

    Happens all the time.

    Position: just another day on the level playing field
     
    #27     May 29, 2009
  7. plan

    plan

    Well said.
     
    #28     May 29, 2009
  8. spinn

    spinn

    This market is dramatically overbought and could collapse at any time. I can not imagine anyone who bought on 3/9 is still long.....this is the highest 3 month percentage gain in something like 70 years.

    By no means does it have to end....but how long can a market go up?
     
    #29     May 29, 2009
  9. You're giving Wall Street way too much credit....their racket wouldn't pass Nevada Gaming Commission regulatory scrutiny.
     
    #30     May 29, 2009