26 Responses to “ “Bears Fumble”
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One day does not a bull market make; particularly when the move was news-inspired.
I sure hope I never said ‘bull-market.’ We’re in the same range we’ve been in for months. Nothing has changed.
If you say look long, good enough for me ,Qman. Youve been calling it. Short term momentum should favor bulls. I was thinking a day like Friday was coming seeing how bad news was’nt doing the damage it should have. That action put a dent in my short profits but still worthwhile (maybe) Fed inflates and politicos pump- nice angle. I was thinking fed out of ammo and GOP obstructs but your idea is the way it usually plays out. Whatta ya think, take it slow for now? Anyway, great job of holding your ground last week. That had to be tough.
Whether long or short prudent points of entry are key. I wouldn’t chase a thing long or short. Keep an eye on oil and the dollar, if the up/down relationship continues look for those commods to be in play.
TA101 traders are learning new tricks from Cramer, how to trade them ?
I don’t think anyone listening to you and reading your blog would think the market is going to zero. I think 6000 is possible for the Dow. But zero? why even say that. (Sounds like perma bull talk.) I still enjoy your posts, Quint.
Paul, You’re absolutely right and I apologize for that. I have a bad habit of doing that and you’re not the first who has constructively brought it to my attention. I will work hard to eliminate the ‘extreme & ridiculous’ language.
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