DrStool Posted May 30, 2003 Report Share Posted May 30, 2003 The UK's situation looked hopeless in 1940. Link to comment Share on other sites More sharing options...
scottcardiff Posted May 30, 2003 Report Share Posted May 30, 2003 From Helene Meisler at RealMoney.com "One of the most interesting aspects of this entire rally is how many people are afraid of missing the downside. That's right, the downside. No one seems scared of missing the rally. And that's the biggest difference among the three previous rallies we've had since the bear market began." Maybe today is reflective of a change in the above behavior, what with the low PC readings. Watch the pullbacks. I would imagine a pullback from 980 would show low complacency, as we would be above 965. Link to comment Share on other sites More sharing options...
cyclist Posted May 30, 2003 Report Share Posted May 30, 2003 500-600 ?Why stop there? I'm looking for 20-30 ? I've never seen such optimism... During the early 80's I remember the SPX futures trading at 50. A very good trader I knew at that time said the stock buyers of the 80's will be the millionares of the 90's. He was so obviously wrong I immediately shorted a contract. Turned out they would have been billionaires. I thought I had learned alot from those trading days but I guess I am wrong again. Still looking for a downturn Monday... That's Great Grizz I remeber one of my first futures trades. 64 US 30yr bond puts. (old contract 8% coupon, not the 6 of today) Rates at 12% WAY TOO LOW! ha ha Link to comment Share on other sites More sharing options...
PDoody Posted May 30, 2003 Report Share Posted May 30, 2003 The UK's situation looked hopeless in 1940. Yes, then we bailed them out. Where are our allied bear forces? Link to comment Share on other sites More sharing options...
soup Posted May 30, 2003 Report Share Posted May 30, 2003 scott: Her arguments are devoid of facts, many,many sentimetn indicators ( tick and vix being most prominent) are at all time bullish levels. Not that facts should ever get in the way of a bullish argument. Link to comment Share on other sites More sharing options...
PDoody Posted May 30, 2003 Report Share Posted May 30, 2003 A flying pig formation is forming.Fly pig, fly. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 30, 2003 Report Share Posted May 30, 2003 If it's going to breakdown, now would be a good time. Link to comment Share on other sites More sharing options...
soup Posted May 30, 2003 Report Share Posted May 30, 2003 2 turds : why would it break down? Link to comment Share on other sites More sharing options...
Guest Posted May 30, 2003 Report Share Posted May 30, 2003 . . . . . . . . . . . . . . . . . . . . . Link to comment Share on other sites More sharing options...
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