Charmin Posted March 30, 2009 Report Posted March 30, 2009 Geithner Gap retest again, with another gap. XLF gap down is now below last wednesday's reaction Something ain't right with this picture.
Trader Joe Posted March 30, 2009 Report Posted March 30, 2009 Geees, poor Wagoner, fall-guy! Goodbye GM! Good grief...I hope you are kidding !?!?!?! That guy is a clown He had ample time (years) to get things pointed in the right direction He's a GM career-man And as such was wedded to to company, making it impossible for him to make proper decisions Good Bye and good riddance _______________________________ My favorite example of how poorly is run GM is the fact that the union grunts still get prepaid legal services as one of their beni's Prepaid legal, are you friggin' kidding me.... That should have been cut 10 years ago.... Oh, and what about the "job bank" they just got rid of..... RIDICULOUS
Pretzel Logic Posted March 30, 2009 Report Posted March 30, 2009 Such purty picture perfect painted trend lines! I'd hate to see them screw the bottom line up so soon. Maybe a nice right shoulder first? Or a big crazy Shorty rally! Who knows. All I know is I covered my shorts there.
Pretzel Logic Posted March 30, 2009 Report Posted March 30, 2009 Such purty picture perfect painted trend lines! I'd hate to see them screw the bottom line up so soon. Maybe a nice right shoulder first? Or a big crazy Shorty rally! Who knows. All I know is I covered my shorts there. Of course they'd break the lower line the second I post this...
Cassiopeia Posted March 30, 2009 Report Posted March 30, 2009 Functures suffering a bit tonight. Hard to believe at this point but posting anyway: Globex open, 50% pivot is 817 (825 to 809) based on mech, probability is trade towards and well above 817 into tomorrow Globex current: ESM09 -7.25 (almost 20K) NQM09 -9.25 Sow Future -66 Oh so wrong!
Trader Joe Posted March 30, 2009 Report Posted March 30, 2009 Reuters March 30, 2009 10:31 am Bank of America to take over GM at request of US government. When asked, Ken Lewis, CEO of Bank of America stated, "We think that GM will be a good strategic fit for Bank of America. Along with our forced acquisitions of Countrywide and Merrill Lynch we feel that this positions the company for excellent future growth propects. We further expect this acquisition to be earnings acretive by mid-2010" Lewis also stated, " I used to work on my own 69 Chevy Camaro back in college, so I think that I am well positioned to integrate GM into Bank of America."
Cassiopeia Posted March 30, 2009 Report Posted March 30, 2009 So this post has nothing to do with technical analysis per se, in that there is no see-here-on-this-chart-look! I've been bullish all-bool-love for a while...march 6th I think? I'm usually way early. ; ) The oddness of the tape printing on Thursday 3/26 (while we hit new highs) and Friday (pullback) and a few other things as me thinking bear. So: early or wrong. Oh so right!
Pretzel Logic Posted March 30, 2009 Report Posted March 30, 2009 Bullz need to get their Stick Save on pretty quick...
byhiselo Posted March 30, 2009 Report Posted March 30, 2009 early daze yet but just went 25% long and plan to add another 25% at 750-760 on vacation this week so can't watch the tape but feel there is unfinished bidness on the upside over the next 3-4 weeks cheers
DrStool Posted March 30, 2009 Report Posted March 30, 2009 Ah. The time honored 10:30 turn. How's that for alliteration!
Trader Joe Posted March 30, 2009 Report Posted March 30, 2009 60 Minutes had a story last night about a potential coordinated internet virus attack slated for April Fool's Day....if something big were to hit....it would be good for 500-1,000 point slide in the Sow.
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