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mpingel00 (36.86)



What a market

February 17, 2009 – Comments (1)

So the market has broken the S&P 800 level. Next stop: test of lows in November around 750.  [more]



850 Support Level

November 17, 2008 – Comments (0)

This level was once again tested this morning, and more buying came in. We saw that huge rally day last week after this level was breached momentarily. It seems to be a tradable level, and easy to pare losses once this level doesn't hold. Not to say that the minute the S&P goes below 850 you should go short, but a failure to bounce back up may be what you need to go short. Of course, you value investors who don't really read market pyschology should feel comfortable to start buying some of the great companies with great balance sheets. These companies have been wrongly valued due to market fear and liquidations, etc.  [more]



thats great

November 14, 2008 – Comments (2)

i can predict a few day meltdown in the stock market, but it happened quicker than I thought, so I now I'll get no credit on this stupid CAPS. It's just me venting, but come on, in this market, you don't hold for that long. Buy and hold is for idiots. Good thing brokers don't have that requirement! Go ahead and say whatever you want, but I'll outperfom you if you're a buy an hold investor.



Snapback Rally

October 13, 2008 – Comments (1)

We're seeing a snapback rally right now, and as this rally begins to fade in the futue, it will provide a good shorting opportunity. The market crashed last week, as it was the worst weeks for stocks on record. The shorts will take profits, which will contribute to the rally.   [more]



A bottom is near

July 14, 2008 – Comments (4)

If it isn't obvious, the market is extremely oversold. The downward trend is slightly slowing. The vix is approaching our extreme highs that we're looking for. The capitulation bottom that everyone is looking for is near. We will have the CPI, the PPI,  the Fed minutes, and housing starts and building permits as news items to contribute to a bottom, if it were to happen this week.  [more]

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