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« Inside the Numbers: Unemployment | Main | Patient Market, Impatient Pundits »

Sunday, February 06, 2011

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momo

Losers we told you to go long

Account Deleted

SPY Charts: http://niftychartsandpatterns.blogspot.com/2011/02/spy-technical-analysis_07.html

adg

buy and hold, the one and only strategy for SP500 at this moment

Mamma Blows

Carl Futia is now targeting 1380 SPX after his initial 1325 target.

As you may recall, he was the ONLY guy in the blogosphere calling for 1200 (and even 1300) back when the SPX was in the 1050 area and the Perma-Bears were running rampant on this blog, as well as others.

Mamma Boom Boom

So, what's up with the market strength we've seen the past week? ........It's hard to tell.

Here's what we know:
-prior to this, the market was sinking fast
-it's futures driven
-the list of stocks within 5% of 52 wk lows is big

Most likely it's more manipulation, sponsored by the fed. Will it succeed? Probably not!

But it is turning everybody bullish. And, you can't beat that, if you're a bear.

Neo-Mamma

Michael W

Mamma Blows,

So was the the guy from www.tradeyourwayout.com and he is calling for a top in march or early april.

gaffer

>especially if this stock market continues to climb into May<

Ah-ha, another bull!

Mama Mia oh Mama

There are no short sale signals yet on any timeframe.. other than a speculative desire to do such. we all know it is a sham wow. call it what u May.
frontrunning is not a strategim.
bentanke will be back. just not ready.

momo

Carl Futia called for the last 2 months 1220 before 1300 and now changed

Johnny Y. Lee

So, what's up with the market strength we've seen the past week? ........It's hard to tell.
CONGRATULATIONS ON SPELLING "IT'S" CORRECTLY!

Here's what we know:
-prior to this, the market was sinking fast
-it's futures driven
-the list of stocks within 5% of 52 wk lows is big

Most likely it's more manipulation, sponsored by the fed. Will it succeed? Probably not!

CONGRATULATIONS! YOU SPELLED "IT'S" CORRECTLY, AGAIN!

But it is turning everybody bullish. And, you can't beat that, if you're a bear.

WRONG. YOU CAN BEAT THAT. MAKING MONEY INSTEAD OF LOSING MONEY WOULD BEAT THAT. YOU HAVE BEEN LOSING MONEY. THE MARKETS HAVE BEEN GOING UP WHILE YOU HAVE BEEN BEARISH.

Mamma Boom Boom

Johnny Y. Lee: i.e. simpleton.

Wrong, I have not taken a position yet. You need to wake up and smell obamma's do-do. Learn to follow the bouncing ball.

Mamma Boom Boom

Seems to me we are on the cusp of an interest rate spike.

JT

Top Line Growth Kicking In.
SPX +2.7% for month of February thus far.
1323 SPX

Mamma Boom Boom

>Top Line Growth Kicking In.<

http://toplineparts.com/

adg

SP500=1500 by the end of march, buy and hold is the best strategy!

jdid

Agree. Bull market just getting started. Lots of middlebrow alarmists adding fear fuel to a roaring bull fire. Mama Bom Bom I am glad you have not acted on your own bearish predictions! I do not like people to lose money.

upstart

Textbook flat in 30-yr. Treasury as I mentioned weeks ago. Now in wave 5 of C. Down to 110-ish, in area of previous triangle that ended in 2007, perhaps? By then, bearishness in bonds should be very massive. Doubt if wave up that ended in late 2008 was all that thrusts out of a 4+ year triangle. Plus, our bust is still in the early stages. I think Gary Shilling has it right.

Mamma Boom Boom

>Mama Bom Bom I am glad you have not acted on your own bearish predictions! I do not like people to lose money.<

Thanks for caring, but it's only a matter of time. Just need to get short term indicators in gear. Maybe tomorrow.

Neo-Mamma

LabelsFools

Hold tight. The market has entered a new probability cluster as SPY closed above $130. Next run to $138. The market is moving higher. I called $130 back in sept when SPY was $110. The trend component of the time series is intact, the rest is noise and can be easily filtered.

Posted by: LabelsFools | Wednesday, February 02, 2011 at 04:12 AM

jdid

But Mama bonm long ago said the intermediate trend was down? How can we move higher from here? answer: we can't.

Manav

On a different subject, I think the gloating about Chinese parenting methods in the book, Tiger Mother, is eerily similar to the claims about Japanese cultural superiority before the lost 90s and 2000s of Japan and of South-East Asian values just before the crisis in that region in the late 90s....or the gloating about how American Western values are what lead to the Nasdaq rise etc etc....Do I smell impending trouble for China ?

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