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From minyanville.com

 

 

At the end of last week, a large broker/dealer who shall remain nameless (rhymes with "hold those slacks!") shorted 15,000 spooz. Thus far today, they've bought back 5,000 of them (and still counting).

 

There are three ways to view this flow. One, the outstanding demand is gonna create a bid under the market and quell the near-term downside. Two, there's ample supply in the street (no moon shot despite this demand). Three, once this ticket gets cleaned up, the potential for further slippage exists.

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Jerry M:

 

That's probably a pretty safe trade. BRKS has been going down on lighter and ligher volume.

 

We'll probably have 3 more up days before moving down again.....

 

Bears were just too weak to push the market down today.

 

Maybe next week, closer to Carver's 19th target for a final top.

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Jerry M:

 

That's probably a pretty safe trade. BRKS has been going down on lighter and ligher volume.

 

We'll probably have 3 more up days before moving down again.....

 

Bears were just too weak to push the market down today.

 

Maybe next week, closer to Carver's 19th target for a final top.

I'll be ready, Mark, I'll be ready...

 

Need to make some $ for the lost paper profit on some screamers... :grin: Got smoked on PCNTF... :angry: but still glad got out at 8ish.

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Consumers spend = good for the economy (short term)

Consumers save = good for the economy (long term)

 

Everything is good for the economy.

That's what Wall Street spinning machinary has been saying. When WTC got blow up, I remembered that some guys said it was bullish because the rebuilding WTC would help the GDP number. If that were case, Binney boys would have been the best friends that the US could have.

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the dangers of watching the tape too closely ?:wink2:

 

Can you see the forest for the trees?

Piles: Thanks for the reminders. :wink2:

I'm guilty too. Once in I just set my pager at my stop loss points and try not to look because the daily noise bullshit will drive you crazy.

 

My break even now is around NDX 1260 so I'm doing what fxfox said to do.

 

Fugettaboutit

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