Possibility of Market Dump Due to Healthcare Bill

Discussion in 'Trading' started by shortie, Mar 21, 2010.

If Healthcare Bill Passes, This Week The Market Will Move...?

  1. -5%

    33 vote(s)
    28.9%
  2. -2%

    25 vote(s)
    21.9%
  3. flat

    20 vote(s)
    17.5%
  4. +2%

    15 vote(s)
    13.2%
  5. +5%

    21 vote(s)
    18.4%
  1. S2007S

    S2007S


    I'm watching the financials, took one small step back at the open and have continuously touched new highs since 9:35 am this morning without the slightest pullback.
     
    #41     Mar 22, 2010
  2. Yup looks like the bulls will power this higher no matter what. I just closed my short from Friday.
     
    #42     Mar 22, 2010
  3. thats it? is that all the pullback we get on health care passing. i was hoping for a several hundred point selloff to rebuy. this market loves what the democrats are doing.
     
    #43     Mar 22, 2010
  4. Woohoo! To Infinity and Beyond!

    Free money.
     
    #44     Mar 22, 2010
  5. S2007S

    S2007S


    Bought FAS 2X today only to make the smallest possible profit and see it run up after selling it. Holding it since my original purchase could have been an easy $300+ profit.
     
    #45     Mar 22, 2010
  6. S2007S

    S2007S


    The people hate the health care bill, but wallstreet is in love with it.


    :p
     
    #46     Mar 22, 2010
  7. HA! FAS 3X is at 95 rsi on a 3 min now.
     
    #47     Mar 22, 2010
  8. Wallstreet loves free money.
     
    #48     Mar 22, 2010
  9. S2007S

    S2007S



    Yea its extremely overbought but still rising anyway, I was in and out for a quick trade on the lower opening, but seeing it continue to rise throughout the morning makes me think people are just chasing these overbought stocks thinking they will continue to rise straight up another 200-500% over the next 12 months.
     
    #49     Mar 22, 2010
  10. Complete melt-up in progress now. Buy everything! :) This is unreal - and sooo easy. Just keep the stops tight and finger on the trigger!
     
    #50     Mar 22, 2010