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Old Nov 20th, 2009, 06:01 PM   #38981
aznaro8
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Originally Posted by Tekfreak View Post
Anyone thinking with holiday weekend this next week, low volume up days all week?
I see us going up early next week. I would love to see 1100-1105 and then get toppy and crash to finish off the intraday H&S on the SPX. But of course that would just be too easy I wouldn't be surprise if I see us touch or surpass old highs on low volume to mess everyone up
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Old Nov 20th, 2009, 08:37 PM   #38982
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Cramer said the market is experiencing some consolidation patterns that are in line with what happens around options expiration. He doesn't see the market making any sharp selloffs during this non-news environment, but he thinks we get nickel and dime selloffs.

Cramer also mentioned that the market bears are are using twisted logic when they try to talk the markets down. He thinks the bears should be arguing in the alternative right now. Cramer said if he were a bear, he would be saying, "There's a coming commercial real estate crash, but there might be a bubble happening at the same time!" He believes that the bears' current arguments are specious and will not make investors any money



Of Course The Day Before Lehman Brothers Collapsed. BUY BUY BUY LB

I just thought I would post it because as I read through different message boards and hear some analysts say There's a coming commercial real estate crash, but there might be a bubble happening at the same time!"
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Old Nov 21st, 2009, 08:36 AM   #38983
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Employment... no real recovery without jobs.
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Old Nov 21st, 2009, 09:36 AM   #38984
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Quote:
Originally Posted by mcrumley View Post
Cramer said the market is experiencing some consolidation patterns that are in line with what happens around options expiration. He doesn't see the market making any sharp selloffs during this non-news environment, but he thinks we get nickel and dime selloffs.

Cramer also mentioned that the market bears are are using twisted logic when they try to talk the markets down. He thinks the bears should be arguing in the alternative right now. Cramer said if he were a bear, he would be saying, "There's a coming commercial real estate crash, but there might be a bubble happening at the same time!" He believes that the bears' current arguments are specious and will not make investors any money



Of Course The Day Before Lehman Brothers Collapsed. BUY BUY BUY LB

I just thought I would post it because as I read through different message boards and hear some analysts say There's a coming commercial real estate crash, but there might be a bubble happening at the same time!"
Cramer is an entertainer and his show is not without substance.He is a perma bull which i guess is good for ratings but the market is not as healthy as he makes it out to be.If you take away the goverment stimulis this market would collapse.

Last edited by Davecash77; Nov 21st, 2009 at 09:46 AM.
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Old Nov 21st, 2009, 10:25 AM   #38985
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When he pumps no one gets on his back, but if he said sell sell sell the market, hebwould be blamed to have made the crash worse and his fund manager buddies don't want any clients cashing out. I like fast money a lot better, but even they are too bullish at times. Adami is pretty neutral and finerman
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Old Nov 21st, 2009, 11:07 AM   #38986
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Originally Posted by hermanpu View Post
When he pumps no one gets on his back, but if he said sell sell sell the market, hebwould be blamed to have made the crash worse and his fund manager buddies don't want any clients cashing out. I like fast money a lot better, but even they are too bullish at times. Adami is pretty neutral and finerman
Agreed Adami is suspect of this market and I tend to follow him and Rick Santelli is an american hero as far as im concerned.I love it when he goes after Steve Leesman over the dollar..
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Old Nov 21st, 2009, 11:38 AM   #38987
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Today may have as much an impact on next week as the economic, real estate, third quarter GDP, and the weekly jobless claims. The dollar gained in strength this week as well as commodities but tonight may provide cause for a reversal of the dollars gains. If the senate can get the 60 votes to push the healthcare bill to the floor even more people and countries may abandon the greenback. I suspect getting the bill to the floor will be the easy part. As we've seen over the recent weeks/months, as the dollar weakens the market climbs. We've just begun an intermediate correction but it may not materialize. It's hard to say.

I'm still short but may abandon my position early on monday. A more significant correction may very well take place after Black Friday numbers are released.

Within the next few weeks to a month or so, (I predict) the market is going to have a major correction. I only mildly doubt a double dip. Technically speaking, we're at a major crossroads. We're bumping up against the two year trend line as well as the 6 month cyclical trend. I think the deciding factor is if the FED decides to 'hint' they will be raising rates (minutes from the last FED meeting are scheduled to be released this coming week as well).
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Old Nov 21st, 2009, 12:02 PM   #38988
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I know this market rally forces one to assume the markets are "innocent until proven guilty" but at the same time, we are right at the levels where it all went down last fall, and if you look at the weekly charts and the gigantic red candles on all of the indexes, along with insane volume (both from Oct-Nov 2008), there is so much supply to chew through before we go substantially higher. My approach is to remain neutral and just trade the intraday trends, and fish for the odd stock that can be held for a while, until this scenario offers more resolution. If we fail a few times to bust through somewhere like S&P 1130-1150 and Dow 10450-10600 then I will not stack my port long, but if we do bust through those levels, it could be a bit of a slingshot pushing the indexes 10-20% higher in fairly short order, so we can test the next fib levels during the winter or early spring. The price and volume levels we're seeing right now just scream defining moment to me.
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Old Nov 21st, 2009, 03:42 PM   #38989
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Looks like the Dems got 60 votes in the senate to bring the health care bill to the floor.I wonder what impact if any this may have on the market on Monday?
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Old Nov 21st, 2009, 03:58 PM   #38990
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