Comments on: Market Update For July 12th

By: Crude Oil Trader

Crude Oil Trader — Mon, 13 Jul 2009 23:43:37 +0000

Retail investors misread Queen Mredith’s call on GS today. They hear her say buy GS and they took it as a time to go long. She is trying to tell you “that’s it”, Take your profits! Any up side left in GS and the Financials is baked in. Closing above 898 does concern this bear, Idan neutral call is a good call for day traders going into Tuesday.

Great post Idan

http://stock-market-club.blogspot.com

By: momoney

momoney — Mon, 13 Jul 2009 22:46:49 +0000

Forgot to factor in the Merideth factor, she has too much influence a market like that.
Having said that, Market was oversold needed any reason to rally.

By: WhyIneverpost

WhyIneverpost — Mon, 13 Jul 2009 19:38:13 +0000

So much for that theory LOL

By: Alex

Alex — Mon, 13 Jul 2009 12:22:33 +0000

Nikkei closed down 2,55% and the Hang Seng closed down 2.56%. If you follow global markets, you can make money while you sleep. Good luck!

By: zee

zee — Mon, 13 Jul 2009 05:58:44 +0000

Thanks for clearing that up.. It’s spot on.. Will look at global equities in the days to come for a better understanding..
G’night..

By: JamesBrrando

JamesBrrando — Mon, 13 Jul 2009 05:14:20 +0000

every clown thinks GS is going to buoy the markets to 890+and any half wit with a few million $ would be selling GS calls up the ass to Joe Public….
every bounce is weaker than the last one and volume pathetic to boot. we cant even hit 38,2% retracements on bounces…wtf does that tell you..the ball is flat and it needs air and we are plum out..

By: Idan

Idan — Mon, 13 Jul 2009 04:40:11 +0000

when i said most people i know.. i was refer to my friends who trade for GS, JPM, Barclays, Citigroup.. etc..

By: 3min

3min — Mon, 13 Jul 2009 04:21:55 +0000

Next time reference who you quote:

http://traderfeed.blogspot.com/2009/07/when-historical-market-studies-fail-to.html

By: Richard (goingcrazyagain-pb)

Richard (goingcrazyagain-pb) — Mon, 13 Jul 2009 04:04:19 +0000

——— IDAN SAYS “MOST PEOPLE I KNOW…. ”

guess im not most people. i wiggeled and squiggled on Friday but in the end the action convinced me to load up short at the close of the day. my call has been and still will be DOWN MONDAY … pre-market reversal TUESDAY and painfully slow grind higher to end of week. im playing it this way. i’ll unload my shorts , hopefully around 864 on the SPX. However, should the index not reach my target i’ll pare down my positions to a very minor size

By: Chacro

Chacro — Mon, 13 Jul 2009 03:42:21 +0000

Biggest stock tock smackdown ever.