I had had a bet since last Nov that Dow would crest 10K by end of summer (Aug31). Darn! Six weeks off. Now we shall see if we get to the 50% retrace at Dow10334/Sp1121.
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Wednesday, October 14, 2009
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When do the bulls start the celebration? Where's the volume?
Posted by: Mamma Boom Boom | Wednesday, October 14, 2009 at 11:37 AM
Quite honestly, I couldn't care less about Volume.
My clearing firm pays me based on PRICE, not volume!
:)
Posted by: Michael | Wednesday, October 14, 2009 at 11:49 AM
Yeah, I'm happy to celebrate! I sold most of my long position today and will hold onto about a third of it. I have been bullish since the spring and, thankfully, I've been right.
Still bullish over the next year but neutral over the next few months.
Posted by: Michael Locker | Wednesday, October 14, 2009 at 12:01 PM
I'll just let the market stop me out, no sense changing something that's worked for 7 months.
Did the bears go into hybernation since yesterday's housekeeping?
Or were those cockroaches seeking darkness —pretty quiet around here.
Posted by: min | Wednesday, October 14, 2009 at 12:33 PM
Michael & Michael Sisters, you girls tickle me. My bet is you
jumped on board after I jumped out. That means you've only pulled a few percentage points out, if your lucky.
Posted by: Mamma Boom Boom | Wednesday, October 14, 2009 at 12:45 PM
Easy there Nedster.
My, you have such a thin "skin".
I probably trade more shares in ONE DAY then you trade in a quarter, or perhaps even a year . . . But if you want to continue to think that VOLUME is important, go right ahead and be my guest.
Posted by: Michael | Wednesday, October 14, 2009 at 01:18 PM