Thursday, October 6, 2011
1068
As said that 1068 would be a great number and it remains to be the bottom of this move up. I am very surprised at today's action as with the job numbers coming out tomorrow I was thinking we would flatten out at the end of the day but that was not to be. Maybe they know the numbers and are front running it but since I am not privy to such information I will sit back and if this is truly a rally I will reset.
This is the fourth quarter and we are down for the year which is important! More than likely this is where fund managers must take risk to beat average benchmarks are they will get ZERO bonuses or fired. We all know the finance guys love their bonuses so what does this mean? Well it means we will be alot of momentum going especially if there is buying, as average funds can only go long.
Watch of the job numbers tomorrow and if they are bad and we rally that is a sign we are chasing relative performance into the end of year.
Wednesday, October 5, 2011
Tuesday, October 4, 2011
1068 rally-
Read my post at 8:53am, exact to the tick on the S&P
1068 HELD WE 40 POINT ABOVE
Correction 50 point above
One Question?
One question where are the Bulls calling for 1500 on the S&P in May. Why dont they bring them back on the Television??
Regular Wall Street pump and dump and the public.
Weak still
Though we held 1068 we are still weak here- Bernanke is talking so that might be the problem.
Should be key that 1068
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