Today's Rally

[Jimmy K]

Man, I was hoping for one more day of uneasiness. Got too greedy, missed out on some great deals like GS at $190, WYNN at $89 and BSC at $145.

[THE_PROGNOSTICATOR]

Jimmy -

You didn't miss out on anything. Today's rally was nothing more than
what we call "sucker paper!" The Market makers threw us a bone in
this down market. Look at the S&P 500 chart. Do you see any clear
reversal candles? Or diverence to speak of? Nope, and nope. Now look
at your 10-day 60 minute chart. This rally will be short lived, thus
continuing to slide. The bottom is near, but just not time IMHO to
start buying again.



Vinny

[Jimmy K]

oh, i agree that there are plenty of deals out there, but i love to get nice one day profits, i would have loved to have seen gs at 190, picked up 200 shares and made a quick $1400, I love to flip a few deals a month like that. anyway, there will be more of them.