Feb 22nd 2008, After two days of selling binges and short sellers orgies, Wall streets homosexuals (I have another word for it starts with a F) came back to their senses and initiated a powerful buy program this time burning their own perma bears and shorts. The game was reversed. All major indices spent the whole day floundering in the red when the shorts became antsy (since these parasites an ghouls were scalping nickels here and dimes there and they have to go home flat) they started covering... thatâs when the buy program hit their asses blowing them over board into the deep filthy waters where they come from. We heard about the SYMETRICAL TRIANGLE being formed on SPX and were supposed to be resolved to the down side? What happened there? Did the bearish mongering Technicians go wrong? How come we didn't break out to the down side as we were supposed to? It was another lie to take your money. To make you complacent. Just remember in the symmetrical triangle on SPX and NDX the trend was from the upside move from Jan 22nd lows and in 54% cases according to BULKOWSKI'S REFERENCE book " ENCYCLOPEIDIA OF CHART PATTERNS" it resolves in the direction of the trend. That means in the other 44% cases it does and can go the other way. But you will not hear that from Market Technicians on Alpha Trends Blogspot in their nice canned video I saw yesterday. They do not have a clue, or of if they have a clue go read page 748 in this classic textbook on chart patterns which is a reference manual for any trader and a must have.
Guess most people here aren't deep enough to appreciate a little Hunter Thompsonesque literature and leave it at that. I thought it was a good read. Notice how they attack in packs like the muggers in the room who don't know who the mugger in the room is. Please don't try to stand by trading like it was some noble pursuit that your granddaddy who came over here from the old country managed to raise your father or mother by, with that "how dare you come in here" crap. Haarummphh!! If you're not for free speach for ideas that you're against then you're not for free speach.
Thanks for showing how completely naive you are. This will be my last response to you, life is to short to try and have a sane discussion with you. This whole "negative attitude" is growing old. You are looking for somebody to blame for your inability to trade. Markets go up, markets go down, just like the sun will rise everyday, and just like your moonbat conspiracy theories will appear everyday. Your time is running short here day, you have zero credibility, and you seem to be a bit crazy.
the market has been selling off on credit concerns, when you have intraday news that implies "bailout",everyone covers their short position in the financials(which make up a large part of the s&p 500. when this occurs,its quite obvious what will happen next;the market shoots up. if this rumor started pre-mkt,we would have gapped up and sold off. when this happens near the end of the day,traders don't have time to read into the the news,they just shoot and ask questions later.thats why we went straight up with virtually no pull back.take it for what its worth.