Why You Should Go Short Tomorrow

I was making fun of the tea leaf readers.
You seem to be the only only mook I offended here.

 

yahoo.com

With Wednesday's dramatic turnaround has the U.S. stock market finally reached bottom?

Yes. It's time to go shopping. 34%
No. This was a sucker's rally. 66%
77927 Votes to date

 

Nice post! Very astute.

 

I saw that segment also. How about the comment from pop&drops dilon comments that it's good to fight with your spouse and one of the guys says "first a pop then she drops" LOL. Watching the circus on CNBC is better than the comedy network.

 

caught that one as well.....

always nice to get a good laugh from one of the most "serious" financial programs on tv.

 

Precisely why this week's lows will not be seen for quite some time.

 

yup. The crowd is still in 'recession mode', and have not piled back in yet.

 

bullshit, that is daytrading. If you are looking to trade medium / long term in the 1-6 month period, how the fuck is reading the tape going to help? it may give you a slightly better entry point. But the goal is fundamentally different, you are not trying to scalp a few points but predicting the longer trend of the stock based on analysis and news. How will tape reading help you predicting the trend a month from now?

btw to the OP, nice call so far.

 

Great call Cszulc! You had it right on.

 

Excellent point.

Nice posting; and great reading.