If you're short, I'm the sucker going long....: danger

Thursday, February 28, 2008

danger

Dennis Kneal just said the market was going down today......

just warning about those contrarian indicators.

2 comments:

new comer said...: Good morning Eric,
yeah, i think so, market will go down today.
i hate folks taking excuse on hope on further rate cut to send the market up, Dow up to 12700 from 12200 three days before - it is ridiculous. Everything is bad - durable goods order, housing price continue to plunge, a high PPI which indicates higher inflation. Jim Rogers and Alan Greenspan warnings....; February 28, 2008 at 8:26 AM
Eric said...: morning Melissa. I'm going to post some downside target charts soon.

umn.... with the claims.. I don't think we will fade the gap... it's hard to say....

the Fade the gap trade has worked for 2 weeks... but it could be smart to just go short at the open...The big brokers could just crush the open. I'm still debating it... and tempted to jump in pre-market.; February 28, 2008 at 8:35 AM

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