Damn..... Don't know what it is.... I'm feeling like one of the rats in a maze right now....
and Last time I was "net short" It was the bottom....
Curses......
The weird thing is we feel like we are looking for any excuse to sell off.....
That is Bearish right?
Now I have myself spooked.
we never hit a good point where I felt we were euphoric... Well.. we did have some Mania at one point... Nor did I see a point where I felt like we were complacent...
Tuesday, August 26, 2008
Rat in a maze
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3 comments:
Just read Pete's post. Retail was strong on Gap's results today. I don't remember when Gap had good results last time.
Don't stress out too much about this week. Whatever happens, must be a non-event (my story, sticking to it).
Soooo looking forward to September.
I've tried to ignore the technicals set up in vacation weeks, and though these moves are violent, they still represent proper supply and demand action... so its valid.
I dig pete, but he isn't good showing the underlaying meaning, all he is saying is that There are a ton of Great shorts there.
and I went through their indicator, and it just got Bearish(more Sells than Buys).
We may rally...(ugh) but I doubt it, and this is on the virge of breaking down.... Like you seem to be able to smell.
Last week was better for shorts. At least I'm not seeing anything compelling in that department.
I think tomorrow maybe wash-rinse-repeat of today. An exhausting roller-coaster day.
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