Seeking Alpha
  • Mr. Massive
    EVERYONE was SO BEARISH til 315, now SO BULLISH... i just want a hit of the crack pipe...
    10/4/11
    Reply (15)
    • Michael Stuart: That kind of move will do it to you, especially when it cuts through resistance like thin air
      10/4/11
    • Michael Stuart: Or crack, crack may do that to you as well.
      10/4/11
    • inquisitivemind7: Smoke on this http://bit.ly/phrHo2
      10/4/11
    • Mr. Massive: inquisitive... whats your feelings on tomm and why so bullish on US data... have noticed that trend in your talks
      10/4/11
    • inquisitivemind7: oversold response as macro standards have been adjusted downwards for slowdown, we are already seeing trickling of on-par/"better" data.
      10/5/11
    • inquisitivemind7: this is how bear market cycles work, down to being oversold, then stabilization followed by massive, rapid accumulation followed by leg down
      10/5/11
    • inquisitivemind7: needless to say, this is an artifact of a bear market as nothing goes down in a straight line, we rally, we rally big before we head down.
      10/5/11
    • inquisitivemind7: it's unlikely we head lower without a rally first, it has been rare in h/x when this does not happen, e.g.: look at June-Aug 2011.
      10/5/11
    • Mr. Massive: Thanks for thoughts. We got qe3 then and growth not as big as fear as now. I think we repeat 1937-8.
      10/5/11
    • Mr. Massive: Your points on st8 down are so valid. I know a rally is expected but I think we goto 1000, then rally, then fall til march or so.
      10/5/11
    • Mr. Massive: I think we agree on end just not act 2
      10/5/11
    • inquisitivemind7: I can see a massive rally to 1200-1300 before the next fall to SP500 600-850. this reminds me of the bottom of the summer of 2010.
      10/5/11
    • inquisitivemind7: thinking it will go down to 1000 first is bearish wishful thinking. h/x and technicals do not favor this path.
      10/5/11
    • inquisitivemind7: bears will be extremely lucky if there is enough a sizeable dip of anything tomorrow.this also reminds me of the beginning of the July rally
      10/5/11
    • inquisitivemind7: cover at 1100 if we do dip there, it may be your last chance to cover before a more sustained rally develops.
      10/5/11