Thursday, June 15, 2006
pigs get slaughtered rally
bears can be pigs too,, come on bears,, dont try to beat down those we have already beatten down once,,,,,,,,, we will get to do it again and again soon enough.
heres the deal,, wallstreet needs to get these stocks up,, and they need them up as high as possible,, im thinking dow 11300 party can last 2-4weeks,, we dont care. the $irx is going to pull a fast one on us,, its going to stall or fall a bit,,(maybe nasty fall-we dont care) because once it finishes its cycle thing,,,,,,,, it will hit the markets like a ton of bricks. abbey from GS just came out and kissed the markets again....... this is your clue to not be too greedy in either direction. think about it this way,, AAPL- sure its crap,,but traders love that stock,,,, and they will chase it faster and harder,, and shorts covering will move it that much more............. its when there are no more shorts to cover that it stalls,, then slowly falls- we have plenty of up time in that,,,,,,,, meantime 'defensive stocks' have not fallen yet.. alot of 'safe haven stocks,, and wallstreet has to shake them out sooner or later,,, for they are not as safe as wallstreet leads you to believe....... sorry but they have to make earnings toooo,,,,, and many cant beat last e's and guide up. besides for the past 6weeks,, they have been building with traders,, there is little to no place for them to go but down once some of their neighbors decide to chase the markets.
and fwiw- the weekly index charts are showing the bloodbath to start picking up steam at the end of august,, prolly right after options. may have to start a cramer short focus list since he is more interested in making himself rich than paying attention to what the markets are saying.
heres the deal,, wallstreet needs to get these stocks up,, and they need them up as high as possible,, im thinking dow 11300 party can last 2-4weeks,, we dont care. the $irx is going to pull a fast one on us,, its going to stall or fall a bit,,(maybe nasty fall-we dont care) because once it finishes its cycle thing,,,,,,,, it will hit the markets like a ton of bricks. abbey from GS just came out and kissed the markets again....... this is your clue to not be too greedy in either direction. think about it this way,, AAPL- sure its crap,,but traders love that stock,,,, and they will chase it faster and harder,, and shorts covering will move it that much more............. its when there are no more shorts to cover that it stalls,, then slowly falls- we have plenty of up time in that,,,,,,,, meantime 'defensive stocks' have not fallen yet.. alot of 'safe haven stocks,, and wallstreet has to shake them out sooner or later,,, for they are not as safe as wallstreet leads you to believe....... sorry but they have to make earnings toooo,,,,, and many cant beat last e's and guide up. besides for the past 6weeks,, they have been building with traders,, there is little to no place for them to go but down once some of their neighbors decide to chase the markets.
and fwiw- the weekly index charts are showing the bloodbath to start picking up steam at the end of august,, prolly right after options. may have to start a cramer short focus list since he is more interested in making himself rich than paying attention to what the markets are saying.
# posted by tagthatstock @ 1:08 PM 
